Japan&#x27s SoftBank posts quarterly financial gain immediately after four straight losses, pushed by Vision Fund gains

Japan&#x27s SoftBank posts quarterly financial gain immediately after four straight losses, pushed by Vision Fund gains


Masayoshi Son, CEO of SoftBank, has been weighing up different solutions for chipmaker Arm right after Nvidia walked absent from purchasing the firm.

Alessandro Di Ciommo | Nurphoto | Getty Photographs

SoftBank posted its initially quarterly profit immediately after 4 quarters of losses, smashing as a result of analyst estimates, pushed by huge gains at its flagship tech expense arm, the Eyesight Fund.

Here’s how SoftBank did in the December quarter against LSEG estimates:

  • Net profits: 1.77 trillion Japanese yen versus 1.8 trillion Japanese yen anticipated.
  • Net cash flow: 950 billion Japanese yen as opposed to 196.5 billion yen predicted.

SoftBank’s flagship tech financial investment arm experienced a rough time in the fiscal 12 months that ended in March last 12 months, posting a document loss of about $32 billion amid a slump in tech stock charges and the souring of some of the business’ bets in China.



Supply

Asia stock markets track losses on Wall Street as AI fears hit sentiment
World

Asia stock markets track losses on Wall Street as AI fears hit sentiment

An aerial view of Singapore’s skyline. Tong Thi Viet Phuong | Moment | Getty Images Asia-Pacific markets opened mostly lower Friday after fears about artificial intelligence disruption in the U.S. sent the S&P 500 to a third straight day of losses. Certain pockets of the U.S. stock market have been hit this year by the […]

Read More
Cisco stock has worst day since 2022 as memory prices pressure margins
World

Cisco stock has worst day since 2022 as memory prices pressure margins

A logo sits illuminated outside the Cisco booth at ISE 2024 on January 30, 2024 in Barcelona, Spain. Cesc Maymo | Getty Images Cisco Systems shares closed 12% lower Thursday as rising memory prices put pressure on the networking company’s margins. It’s the stock’s worst day since 2022. Strong demand for artificial intelligence data centers […]

Read More
Airbnb shares rise on company’s revenue beat, rosy guidance
World

Airbnb shares rise on company’s revenue beat, rosy guidance

Shares of Airbnb were up about 2% in extended trading Thursday after the company reported fourth-quarter results that beat expectations for revenue and offered rosy guidance for the current period. Here’s how the company did based on analysts’ estimates compiled by LSEG: Earnings per share: 56 cents vs. 66 cents expected Revenue: $2.78 billion vs. $2.72 billion […]

Read More