Johnson Controls Intl Q3 Adj. EPS $1.03, Inline, Sales $7.13B Miss $7.19B Estimate
Portfolio Pulse from Benzinga Newsdesk
Johnson Controls Intl (NYSE:JCI) reported Q3 earnings of $1.03 per share, in line with analyst consensus. This is a 21.18% increase YoY. However, the company's quarterly sales of $7.13 billion missed the analyst consensus estimate of $7.19 billion by 0.79%, despite a 7.85% increase YoY.
August 04, 2023 | 10:54 am
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Johnson Controls Intl's Q3 earnings met expectations, but sales missed estimates. This could potentially impact the company's stock negatively in the short term.
While the company's earnings met expectations, the missed sales estimates could lead to a negative sentiment among investors, potentially leading to a short-term decrease in the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100