Daikin Industries Ltd
6367: XTKS (JPN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|Cg# | LOCK|WK#<< | LOCK|qCRjg#z |
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.
