logo
Plus   Neg
Share
Email

Johnson Controls Guides FY20 Adj. EPS In Line - Quick Facts

While reporting financial results for the fourth quarter and fiscal 2019 on Thursday, Johnson Controls International plc (JCI) initiated earnings guidance for the full-year 2020, in line with analysts' estimates.

For fiscal 2020, the company now projects adjusted earnings in a range of $2.50 to $2.60 per share, representing a year-over-year increase of 28 to 33 percent, on organic revenue growth in the low to mid-single digits.

On average, 18 analysts polled by Thomson Reuters expect the company to report earnings of $2.58 per share on revenue growth of 3.6 percent to $24.98 billion for the year. Analysts' estimates typically exclude special items.

"Looking ahead to fiscal 2020, we are well positioned to build upon the performance in 2019 by leveraging our strong backlog position, remaining focused on operational execution and continuing to redeploy capital to our shareholders," said George Oliver, chairman & CEO.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon.com, Inc. can be held liable for damages caused by defective goods sold on its Marketplace including third parties, according to a ruling by a California appeals court. The California Fourth District Court of Appeals was pronouncing the ruling in a case where a defective replacement laptop battery caught fire and inflicted a woman with third-degree burns. Facebook has launched "Voting Information Center" on Facebook and Instagram platforms, with a view to boosting the number of Americans vote in the upcoming U.S. presidential election in November. The social media giant's latest initiative is expected to help 4 million voters register this year, and help them navigate a 'confusing election process'. Epic Games Inc., the developer of popular game Fortnite, has filed lawsuits against both Apple Inc. and Google after they removed the game from their app stores. The development reflects disputes related to app store fee the tech giants take from each purchase. Epic Games, which has been against the 30 percent revenue cut the two tech giants take from paid apps, added a direct payment option.
Follow RTT