News Summary

Shares of Johnson Controls Inc JCI fell about 1.6% after the company 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. Shares of Sohu.com Inc SOHU gained about 3.4% after the company reported a 34% rise in its Q1 profit. The company also announced its plans to purchase a majority stake in a web-based game company Shenzhen 7Road Technology Co Ltd for $68.26 million. SOHU's Q1 net income came in at $55.2 million, or $1.01 per share. The company's total revenue increased 35% to $174.4 million. However, analysts expected earnings of $0.97 per share on revenue of $168.8 million. Shares of Chubb Corp CB gained about 0.6% after the company reported upbeat Q1 earnings. CB reported its Q1 net income at $509 million, or $1.70 per share, up from $464 million, or $1.39 per share, in the year-earlier period. Excluding investment gains and losses and other one-time costs, CB's earnings came in at $1.35 per share. However, analysts were expecting earnings of $1.09 per share. The company's revenue surged to $2.85 billion from $2.78 billion. The company's operating costs and expenses increased to $904 million from $862 million. Read more from Benzinga's Markets.