Investing.com - Johnson Controls (NYSE:JCI) reported first quarter earnings that missed analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.26 on revenue of $5.46B. Analysts polled by Investing.com expected EPS of $0.37 on revenue of $6.35B. That compared to EPS of $0.54 on revenue of $7.44B in the same period a year earlier. The company had reported EPS of $0.93 on revenue of $8.37B in the previous quarter.
For the year, Johnson Controls shares are up 13.9%, outperforming the S&P 500 which is up 9.58% year to date.
Johnson Controls follows other major Capital Goods sector earnings this month
On Wednesday, Boeing reported fourth quarter EPS of $5.48 on revenue of $28.34B, compared to forecasts of EPS of $4.57 on revenue of $26.88B.
3M earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of $2.31 on revenue of $7.95B. Investing.com analysts expected EPS of $2.28 on revenue of $7.87B
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