Johnson Controls (JCI) Q4 Earnings Beat Estimates, Drop Y/Y
Zacks Investment Research | Nov 06, 2019 10:11PM ET
Johnson Controls International plc (NYSE:JCI) reported adjusted earnings per share of 78 cents in fourth-quarter fiscal 2019, surpassing the Zacks Consensus Estimate of 76 cents, mainly aided by higher Building Solutions North America and Building Solutions Asia Pacific segment revenues. Earnings were 93 cents per share in fourth-quarter fiscal 2018.
For the quarter under review, Johnson Controls reported revenues of $6.3 billion, up 25% year over year. However, revenues missed the Zacks Consensus Estimate of $6.42 billion. Gross profit declined to $1.98 billion from $2.06 billion a year ago.
Selling, general and administrative expenses in the fiscal fourth quarter totaled $1.96 billion, higher than the prior-year quarter’s $1.39 billion.
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