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Johnson Controls Inc Q1 adjusted earnings Beat Estimates

Johnson Controls Inc (JCI) reported a profit for first quarter that decreased from the same period last year.

The company's profit totaled $159 million, or $0.21 per share. This compares with $355 million, or $0.38 per share, in last year's first quarter.

Excluding items, Johnson Controls Inc reported adjusted earnings of $306 million or $0.40 per share for the period.

Analysts had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.2% to $5.58 billion from $5.46 billion last year.

Johnson Controls Inc earnings at a glance:

-Earnings (Q1): $306 Mln. vs. $243 Mln. last year.
-EPS (Q1): $0.40 vs. $0.26 last year.
-Analysts Estimate: $0.38
-Revenue (Q1): $5.58 Bln vs. $5.46 Bln last year.

Full year EPS guidance: $2.50 to $2.60

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