Investing.com - Johnson Controls (NYSE:JCI) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Johnson Controls announced earnings per share of $0.85 on revenue of $6.61B. Analysts polled by Investing.com anticipated EPS of $0.8455 on revenue of $6.75B.
Johnson Controls shares are down 24.68% from the beginning of the year, still down 33.62% from its 52 week high of $81.77 set on December 31, 2021. They are under-performing the S&P 500 which is down 12.82% from the start of the year.
Johnson Controls follows other major Industrials sector earnings this month
Johnson Controls's report follows an earnings beat by United Parcel Service on July 26, who reported EPS of $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.
Union Pacific had beat expectations on July 21 with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.
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