Johnson Controls: Fiscal 1Q Earnings Snapshot

CORK, Ireland (AP) _ Johnson Controls International PLC (JCI) on Friday reported fiscal first-quarter profit of $355 million.

The Cork, Ireland-based company said it had net income of 38 cents per share. Earnings, adjusted to account for discontinued operations, were 26 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.

The diversified technology and industrial company posted revenue of $5.46 billion in the period, matching Street forecasts.

Johnson Controls expects full-year earnings in the range of $1.75 to $1.85 per share.

Johnson Controls shares have climbed 14 percent since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 8 percent. The stock has declined 14 percent in the last 12 months.

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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