Johnson Controls beats by $0.03, misses on revs; guides Q1 EPS in-line (midpoint below)
Reports Q4 (Sep) earnings of $1.04 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus Estimate of $1.01; revenues rose 2.6% year/year to $10.98 bln vs the $11.18 bln consensus.
Co issues in-line guidance for Q1, sees EPS of $0.74-0.77 vs. $0.77 Capital IQ Consensus Estimate.
Johnson Controls will provide full fiscal year 2015 guidance at its annual New York analyst day on Dec. 2, 2014.
"We believe initiatives to improve the profitability of our businesses continue to gain momentum. Our 2014 results provide a foundation that we believe will position us to deliver record sales and earnings in 2015."
Co issues in-line guidance for Q1, sees EPS of $0.74-0.77 vs. $0.77 Capital IQ Consensus Estimate.
Johnson Controls will provide full fiscal year 2015 guidance at its annual New York analyst day on Dec. 2, 2014.
"We believe initiatives to improve the profitability of our businesses continue to gain momentum. Our 2014 results provide a foundation that we believe will position us to deliver record sales and earnings in 2015."