Investing.com - Johnson Controls (NYSE:JCI) reported on Friday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Johnson Controls announced earnings per share of $0.83 on revenue of $6.34B. Analysts polled by Investing.com anticipated EPS of $0.8304 on revenue of $6.27B.
Johnson Controls shares are up 53.68% from the beginning of the year and are trading at $71.60 , down-from-52-week-high.They are outperforming the S&P 500 which is up 17.65% from the start of the year.
Johnson Controls follows other major Industrials sector earnings this month
Johnson Controls's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.06 on revenue of $23.42B, compared to forecasts EPS of $2.79 on revenue of $23.19B.
Honeywell had beat expectations on July 23 with second quarter EPS of $2.02 on revenue of $8.81B, compared to forecast for EPS of $1.94 on revenue of $8.64B.
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