On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

Listen Live Now » 1440 AM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
46° Feels Like: 41°
Wind: ENE 10 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy 54°

Tonight

Partly Cloudy 44°

Tomorrow

Partly Cloudy 66°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

Johnson Controls first-quarter revenues top estimates

(Reuters) - Johnson Controls Inc on Thursday reported a fiscal first-quarter profit that met Wall Street expectations and reaffirmed its fiscal 2014 outlook.

Revenue was $10.91 billion, beating expectations of analysts polled by Thomson Reuters I/B/E/S of $10.73 billion, and $10.42 billion a year ago.

Net profit for the quarter was $469 million, 69 cents per share, up from $359 million, or 52 cents per share, a year ago.

The company forecast profit between $3.15 and $3.30 per share for 2014. A month ago, the company issued a forecast that disappointed Wall Street, which had expected 2014 earnings of $3.31 per share.

Johnson Controls makes car interiors, batteries and heating, ventilation and cooling systems for buildings.

Earlier this month, the company sold its automotive electronics business to Visteon Corp for $265 million in cash.

(Reporting by Bernie Woodall in Detroit; Editing by Jeffrey Benkoe)

Comments