ATLAS News · Companies
MLQ.ai reports SoftBank Group lost ¥1.12 trillion in the July-September quarter, versus a profit a year earlier, with Intel hedges among the items.
MLQ.ai reports that SoftBank Group swung to a quarterly loss for the July-September period. The loss came to ¥1.12 trillion ($7.0 billion), compared with a profit of ¥2.5 trillion a year earlier.
According to the MLQ.ai description, the biggest items included a ¥597.2 billion ($3.7 billion) loss tied to a power-equipment write-off. Hedges related to Intel also weighed on the group's earnings.
The source text is cut off, so further details on the other items are not available.
SoftBank Group is a Japanese investment conglomerate whose reported results can swing sharply with the value of its investments and related hedging positions.
The report links Intel-related hedges to SoftBank's results, which is why the news is relevant to Intel's investors and to those following SoftBank's holdings.
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
Technology · NASDAQ
live price · USD
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