Kubota 9-month Earnings Decline; Stock Up
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Kubota Corp. reported a decline in profit for the nine months ending September 30, with profit attributable to owners decreasing to 141.96 billion yen from 197.92 billion yen the previous year. Basic earnings per share fell to 124.10 yen, while operating profit dropped to 214.69 billion yen. Revenue also declined to 2.20 trillion yen. Despite the earnings drop, Kubota's stock rose 3.93% to JPY 2,060 on the Tokyo Stock Exchange.
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