SoftBank posts $7B loss

SoftBank Group posted a net loss of 1.1 trillion yen, or about $7 billion, in the quarter from July to September, compared with a profit of 2.5 trillion yen in the same period last year. The result fell short of forecasts from three analysts, which ranged from a 233 billion yen profit to a 113 billion yen loss. The company pointed to the volatility of its earnings and the difficulty of predicting them.

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