Japanese technology investor SoftBank Group reported a modest net profit of 10.4 billion yen ($70.7 million) for the April-June quarter, buoyed by strong tech stock valuations. This marks the company's third consecutive quarter of gains. However, the profit fell short of the 109 billion yen ($748 million) forecasted by analysts, as per an average of five estimates compiled by LSEG and Reuters. This result contrasts with a loss of 316.2 billion yen recorded in the same period last year.
Comments
Post a Comment