Johnson Controls Inc Q4 Profit Drops

(RTTNews) - Johnson Controls Inc (JCI) revealed a profit for fourth quarter that decreased from last year.

The company's bottom line totaled $269 million, or $0.38 per share. This compares with $441 million, or $0.60 per share, in last year's fourth quarter.

Excluding items, Johnson Controls Inc reported adjusted earnings of $628 million or $0.88 per share for the period.

The company's revenue for the quarter rose 7.4% to $6.39 billion from $5.95 billion last year.

Johnson Controls Inc earnings at a glance:

-Earnings (Q4): $628 Mln. vs. $563 Mln. last year. -EPS (Q4): $0.88 vs. $0.76 last year. -Revenue (Q4): $6.39 Bln vs. $5.95 Bln last year.

-Guidance: Next quarter EPS guidance: $0.52 to $0.54