Makita (OTCMKTS:MKTAY) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
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Makita (OTCMKTS:MKTAY) reported quarterly earnings of $0.50 EPS, exceeding estimates of $0.48 by $0.02. Revenue for the quarter was $1.24 billion, slightly below the expected $1.27 billion. The company achieved a return on equity of 9.00% and a net margin of 11.07%. The stock traded at $32.24, with a market cap of $8.67 billion and a P/E ratio of 15.65. Analysts have upgraded the stock to a "buy" rating, with an average rating of "buy" from investment analysts.
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