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SoftBank rebounds with quarterly profits

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SoftBank Group Corp. reported $11.8 billion in quarterly profits.

The earnings came after the Japanese corporation posted a $9 billion net loss for its fiscal year that ended in March. That was the worst results in the company's history.

In its new fiscal year, SoftBank's shares have increased as the company conducts a $23 billion share buyback program.

Read more from MarketWatch.

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