Johnson Controls Reports Upbeat Q2 Earnings

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. Read more from Benzinga's Company news.