Johnson Controls Intl Q1 Adj EPS $0.51, Inline, Sales $6.09B Miss $6.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
Johnson Controls Intl (JCI) reported Q1 adjusted EPS of $0.51, meeting analyst estimates but marking a 23.88% decrease from the previous year. Sales reached $6.09B, slightly missing the $6.12B estimate, yet showing a 0.43% increase from the prior year.
January 30, 2024 | 11:56 am
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Johnson Controls Intl reported Q1 adjusted EPS in line with estimates but with a significant decrease from last year. Sales grew slightly but missed estimates.
Meeting EPS estimates typically doesn't lead to significant stock movement, but the year-over-year decline in earnings and the slight miss in sales estimates could be seen as negative. However, the small sales growth year-over-year might offset some of the negative impact, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100