Johnson Controls Q3 Earnings: EPS Beat, CEO Succession, Tightens Annual Outlook & More
Portfolio Pulse from Nabaparna Bhattacharya
Johnson Controls International (NYSE:JCI) reported Q3 earnings with an EPS beat but missed on sales. The company announced CEO succession plans and a new board member from Elliott Management. JCI shares are trading higher by 8.66% premarket.
July 31, 2024 | 12:41 pm
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Johnson Controls International (NYSE:JCI) reported Q3 earnings with an EPS beat of $1.14 vs. $1.08 expected, but missed on sales. The company announced CEO succession plans and a new board member from Elliott Management. Shares are up 8.66% premarket.
The EPS beat and positive guidance for Q4 and fiscal 2024 are likely driving the stock price higher. The CEO succession and new board member from Elliott Management add to investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100