Japan's SoftBank swings to quarterly profit, eyes on Arm unit

[Bilgin]

Japan's SoftBank swings to quarterly profit, eyes on Arm unit SoftBank booked a profit of 328.9 billion yen ($2.11 billion) in January-March, compared to a loss of 32 billion yen a year earlier. Still, the second straight quarter of profit was not enough to keep it in the black for the full year.