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- Johnson Controls International results announced – the stock is down
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- Johnson Controls International results announced – the stock is down
- Founded: 1885
- Headquarters: Cork, Ireland
- Number of employees: 102,000 (2022)
- Industry: Conglomerate
- Key people: George Oliver (Chairman, CEO)
- 1 month: -0.58%
- 3 months: -9.06%
- Year-to-date: -18.54%
- 1 year: -21.70%
- Citigroup: $61
- Oppenheimer: $66
- UBS Group: $74
- Wells Fargo: $62
- HSBC: $69
- Morgan Stanley: $70
- Barclays: $64
- JP Morgan: $72
- Deutsche Bank: $65
- Mizuho: $78
- Bank of America: $72
- Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours
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News & AnalysisNews & AnalysisJohnson Controls International results announced – the stock is down
13 December 2023 By Klavs ValtersOn Monday, Citigroup raised its target price for the Irish multinational conglomerate, Johnson Controls International plc (NYSE: JCI), from $58 to $61 a share.
On Tuesday, Johnson Controls announced its latest financial results for its fiscal fourth 2023. Let’s see how it performed.
Company overview
The results
Johnson Controls reported revenue of $6.906 billion for the quarter (up by 3% year-over-year), which missed analyst estimate of $7.099 billion.
Earnings per share (EPS) also fell short of estimates at $1.05 per share (up by 6% year-over-year) vs. $1.095 per share expected.
CEO commentary
“Our fiscal 2023 results, highlighted by strong sales growth and margin expansion, further validate that our strategy of providing solutions that make buildings smarter, healthier, and more sustainable continues to gain momentum,” George Oliver, CEO of Johnson Controls said in a letter to investors.
“We made significant progress during the year advancing our service strategy, enabled by digital, and we continue to see strong order momentum and record backlog entering our new fiscal year,” Oliver added.
Stock reaction
The stock was down by over 6% during the trading day on Tuesday, trading at $52.63 a share.
Stock performance
Johnson Controls International stock price targets
Johnson Controls International plc is the 507th largest company in the world with a market cap of $35.89 billion.
You can trade Johnson Controls International plc (NYSE: JCI) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.
GO Markets now offers pre-market and after-market trading on popular US Share CFDs.
Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time.
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Sources: Johnson Controls International plc, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
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Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
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