SoftBank Shares Fall 4% After Quarterly Loss
SoftBank swung to its first quarterly loss in nearly two years, partly due to $3.7 billion in charges tied to power-generation equipment for U.S. data-center projects. Shares fell as much as 11% before trading 4.0% lower Wednesday morning in Tokyo.
By Kosaku NariokaSoftBank Group shares fell after it swung to its first quarterly loss in nearly two years, dragged in part by $3.7 billion charges related to power-generation equipment for U.S. data-center projects.The stock was 4.0% lower Wednesday morning in Tokyo after falling as much as 11% ea…