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Johnson Controls' Fiscal Q3 Adjusted EPS, Revenue Rise; Initiates Q4 Guidance; Adjusts Full-Year Guidance; Shares Up Pre-Bell
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Johnson Controls' Fiscal Q3 Adjusted EPS, Revenue Rise; Initiates Q4 Guidance; Adjusts Full-Year Guidance; Shares Up Pre-Bell
Jul 31, 2024 5:26 AM

07:49 AM EDT, 07/31/2024 (MT Newswires) -- Johnson Controls International ( JCI ) reported fiscal Q3 adjusted earnings Wednesday of $1.14 per diluted share, compared with $1.03 a year earlier.

Analysts surveyed by Capital IQ expected $1.08.

Revenue for the quarter ended June 30 was $7.23 billion, compared with $7.13 billion a year earlier. Analysts surveyed by Capital IQ expected $7.34 billion.

The company said it expects fiscal Q4 adjusted EPS to be in a range of $1.23 to $1.26. Analysts polled by Capital IQ expect $1.19.

For fiscal year 2024, Johnson Controls ( JCI ) narrowed its adjusted EPS guidance to a range of $3.66 to $3.69 from previous guidance of $3.60 to $3.75. Analysts polled by Capital IQ expect $3.58.

Shares of the company were up more than 9% in recent premarket activity.

Price: 75.42, Change: +6.39, Percent Change: +9.26

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