CORK, Ireland (AP) _ Johnson Controls International PLC (JCI) on Tuesday reported fiscal fourth-quarter earnings of $441 million.
On a per-share basis, the Cork, Ireland-based company said it had net income of 60 cents. Earnings, adjusted for one-time gains and costs, came to 76 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The diversified technology and industrial company posted revenue of $5.95 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $5.69 billion.
For the year, the company reported profit of $631 million, or 84 cents per share. Revenue was reported as $22.32 billion.
For the current quarter ending in January, Johnson Controls expects its per-share earnings to range from 39 cents to 41 cents.
Johnson Controls shares have increased almost 8% since the beginning of the year, while the Standard & Poor's 500 index has increased 2.5%. The stock has climbed slightly more than 1% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JCI at https://www.zacks.com/ap/JCI
Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News