Investing.com - Johnson Controls (NYSE:JCI) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Johnson Controls announced earnings per share of $0.42 on revenue of $5.44B. Analysts polled by Investing.com anticipated EPS of $0.37 on revenue of $5.54B. That with comparison to EPS of $0.32 on revenue of $5.78B in the same period a year before. Johnson Controls had reported EPS of $0.4 on revenue of $5.58B in the previous quarter. Analysts are expecting EPS of $0.54 and revenue of $5.77B in the upcoming quarter.
Johnson Controls shares are down 28.49% from the beginning of the year , still down 35.05% from its 52 week high of $44.82 set on November 4, 2019. They are under-performing the S&P 500 which is down 10.24% year to date.
Johnson Controls follows other major Capital Goods sector earnings this month
Johnson Controls's report follows an earnings missed by ASML ADR on April 15, who reported EPS of $0.93 on revenue of $2.44B, compared to forecasts EPS of $1.47 on revenue of $3.17B.
Lockheed Martin had beat expectations on April 21 with first quarter EPS of $6.08 on revenue of $15.65B, compared to forecast for EPS of $5.81 on revenue of $15.08B.
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