Home / Markets / Industries / Transportation
Tuesday, October 27, 2009
Johnson Controls Posts Profit, Affirms Forecast
By Michelle Donley
MarketWatch Pulse
NEW YORK -- Johnson Controls Inc. said Tuesday that its fiscal fourth-quarter profit rose to $300 million, or 47 cents a share, from $16 million, or 3 cents a share, in the year-ago period. Excluding one-time items, the Milwaukee-based automotive-supply company said it earned 52 cents a share in the latest period, compared with the year-earlier 73 cents. Sales fell to $7.87 billion from $9.31 billion. Johnson Controls said it expects to post fiscal 2010 earnings of $1.35 to $1.45 a share on revenue of about $31 billion. On average, analysts polled by FactSet Research were expecting per-share earnings of 49 cents for the fourth quarter and $1.52 for the fiscal year ending in September 2010.
Copyright © 2009 MarketWatch, Inc.
Fox Business Video
-
-
The Crisis With 20/20 Hindsight
-
Nov 21, 2009
FOXBusiness.com LIVE
-
-
-
Jerry Rice Talks Career
-
Nov 21, 2009
NFL Receiver on career on the gridiron
-
-
-
John O'Hurley as Venture Capitalist
-
Nov 21, 2009
Comedian on life as venture capitalist
-
-
-
Excess Spending in Congress
-
Nov 21, 2009
Saving $100 Million
-
-
-
Cavuto Business Report 11-20-09
-
Nov 21, 2009
Business Report: Cavuto
-
