Johnson Controls: Fiscal 3Q Earnings Snapshot
CORK, Ireland (AP) _ Johnson Controls International PLC (JCI) on Wednesday reported fiscal third-quarter profit of $4.19 billion.
The Cork, Ireland-based company said it had profit of $4.79 per share. Earnings, adjusted to account for discontinued operations, were 69 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.
The diversified technology and industrial company posted revenue of $6.45 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $6.42 billion.
Johnson Controls expects full-year earnings in the range of $1.93 to $1.95 per share.
Johnson Controls shares have risen 39% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. The stock has increased 13% in the last 12 months.