SoftBank Group third-quarter op profit falls 99%; misses analyst estimates.

Soft bank

Japan’s SoftBank Group Corp said on Wednesday its third-quarter operating profit fell 99%, well short of analyst estimates, pulled down by losses at the $100 billion Vision Fund.

Profit reached 2.6 billion yen ($24 million) for October-December versus 438 billion yen in the same period a year prior, the technology investor said in a stock exchange filing.

The result compared with the 345 billion yen average of three analyst estimates compiled by Refinitiv.

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