CORK, Ireland (AP) — CORK, Ireland (AP) — Johnson Controls International PLC (JCI) on Wednesday reported fiscal fourth-quarter earnings of $633 million.
On a per-share basis, the Cork, Ireland-based company said it had net income of 95 cents. Earnings, adjusted for one-time gains and costs, came to $1.28 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.
The diversified technology and industrial company posted revenue of $6.25 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $7.26 billion.
For the year, the company reported profit of $1.71 billion, or $2.52 per share. Revenue was reported as $22.95 billion.
For the current quarter ending in December, Johnson Controls expects its per-share earnings to range from 57 cents to 60 cents.
The company expects full-year earnings in the range of $3.40 to $3.50 per share.
_____
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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
