Investors Send SoftBank Stock 4.4% Lower Even as Profit Beats Estimates

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SoftBank Group stock fell 4.41% on Thursday on the Tokyo Stock Exchange, closing at 5,695 yen, down 263 yen from the previous session. Quarterly net income reached 347.3 billion yen, about three times the expected 120.23 billion yen. A 1.33 trillion yen gain on its Intel stake failed to ease investor concerns. Persistent market worries overshadowed these positive results.

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