Johnson Controls Inc JCI reported better-than-expected Q2 profit.
JCI's Q2 profit came in at $354 million, or $0.51 per share, up from $274 million, or $0.40 per share, in the year-earlier period. The company's adjusted earnings increased to $0.56 per share, from $0.43 per share. The company's sales rose to $10.14 billion, from $8.32 billion. However, analysts were expecting earnings of $0.55 per share, on revenue of $9.3 billion.
JCI shares gained 1.50% to close at $40.73 on Thursday.
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