Daikin Industries Ltd

6367: XTKS (JPN)
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Daikin Earnings: Revenue Beat While Profit Missed on Higher Cost Pressure, Shares Cheap

Daikin posted a 6% year-on-year top-line growth for the third quarter fiscal 2024 (ended December) due to strong numbers of air conditioning business. However, its operating margin contracted to 6.6% from 6.8% a year ago amid a rising raw material and fixed costs.

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