Johnson Controls Int
JCI
Delayed Nyse - 11/17 10:02:44 pm
36.39USD
+0.69%

Johnson Controls International : matches Street 4Q forecasts

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11/09/2017 | 01:31 pm

CORK, Ireland (AP) _ Johnson Controls International PLC (JCI) on Thursday reported fiscal fourth-quarter net income of $875 million, after reporting a loss in the same period a year earlier.

The Cork, Ireland-based company said it had net income of 93 cents per share. Earnings, adjusted for non-recurring gains, were 87 cents per share.

The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 87 cents per share.

The diversified technology and industrial company posted revenue of $8.14 billion in the period, which also met Street forecasts.

For the year, the company reported net income of $1.61 billion, or $1.71 per share, swinging to a profit in the period. Revenue was reported as $30.17 billion.

Johnson Controls expects full-year earnings in the range of $2.75 to $2.85 per share.

Johnson Controls shares have dropped slightly since the beginning of the year, while the Standard & Poor's 500 index has climbed 16 percent. The stock has declined roughly 7 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JCI at https://www.zacks.com/ap/JCI

Automated Insights, source Associated Press News

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