WASHINGTON (dpa-AFX) - Johnson Controls Inc (JCI) revealed a profit for fourth quarter that Dropped, from last year and missed the Street estimates.
The company's bottom line came in at $267 million, or $0.42 per share. This compares with $536 million, or $0.80 per share, last year.
Analysts on average had expected the company to earn $1.2 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.1% to $6.442 billion from $6.248 billion last year.
Johnson Controls Inc earnings at a glance (GAAP) :
-Earnings: $267 Mln. vs. $536 Mln. last year. -EPS: $0.42 vs. $0.80 last year. -Revenue: $6.442 Bln vs. $6.248 Bln last year.
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