Johnson Controls Intl Q4 EPS $1.05 Misses $1.09 Estimate, Sales $6.91B Miss $7.09B Estimate
Portfolio Pulse from Benzinga Newsdesk
Johnson Controls Intl (JCI) reported Q4 earnings of $1.05 per share, missing the consensus estimate of $1.09, and sales of $6.91B, also below the expected $7.09B. Despite these misses, there was a 6.06% increase in earnings and a 2.69% increase in sales compared to the same period last year.
December 12, 2023 | 11:58 am
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Johnson Controls Intl reported lower-than-expected Q4 earnings and sales, with EPS at $1.05 and sales at $6.91B, missing estimates by 3.67% and 2.60%, respectively.
Missing both earnings and sales estimates is typically seen as a negative signal by the market, which can lead to a short-term decline in stock price. However, the year-over-year growth in earnings and sales may provide some cushion to the negative impact.
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IMPORTANCE 80
RELEVANCE 100