SoftBank shares rose 14% Tuesday before the company reported a $7 billion quarterly net loss, announced after markets closed. The loss reflected costly US data-centre investments, rising financing expenses and volatile portfolio valuations, despite sales growth and an investment gain from ByteDance.
SoftBank shares rose 14% Tuesday before the company reported a $7 billion quarterly net loss, announced after markets closed. The loss reflected costly US data-centre investments, rising financing expenses and volatile portfolio valuations, despite sales growth and an investment gain from ByteDance.
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