Johnson Controls (JCI) Tops Q3 EPS by 4c; Boosts FY16 EPS Outlook Midpoint
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Johnson Controls reports strong 2016 fiscal third quarter earnings; tightens guidance to higher end of previous range and announces acceleration of Tyco merger close
July 21, 2016 6:55 AM EDTMILWAUKEE, July 21, 2016 /PRNewswire/ -- For the third quarter of fiscal 2016, Johnson Controls (NYSE: JCI), reported $9.5 billion in revenues and net income from continuing operations of $383 million, which includes several non-recurring items. Diluted earnings per share from continuing operations for the quarter were $0.59. Adjusted non-GAAP diluted earnings per share from continuing operations for the quarter were $1.07, up 18 percent from the prior year quarter. Excluding transaction / integration / separation costs and other non-recurring items in the fiscal third quarter, continuing operations highlights include:
Net revenues of $9.5 billion versus $9.6 billion in... More