Softbank Posts a sudden loss in the third quarter, revenues also lack estimates

SoftBank collection A quarterly quarterly loss was published on Wednesday, as vision box investments fell red. The Japanese company’s revenues also covered analysts.

Here are the results of SoftBank compared to Lseg Smartestimate, which are weighting towards predictions than analysts who were more accurate:

• Revenue: 1.83 trillion yen for 1.84 trillion yen
• The net loss is 369.17 billion yen for a profit of 298.53 billion yen

The investments of the company’s vision fund recorded a loss of 352.75 billion yen for the quarter ending on December 31. The broader vision fund – the factors in administrative costs, and fluctuations in the currency, were among other things – a loss of 309.93 billion yen.

The vision funds sector recorded a profit during the past two quarters.

The company reported its quarterly profits after closing the trading on the Tokyo Stock Exchange.

In recent years, Softbank has made a number of controversial high -value investments in companies that have been rewarded or characterized by their evaluations.

It has now been re -placed to take advantage of the artificial intelligence boom, as players such as NVIDIA have benefited from the demand for chips on the chips and the graphics processing unit at the data center.

David Faber of CNBC said that Softbank is about to finish the basic investment of $ 40 billion in Openai with a 260 billion dollars.

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