USA: Johnson Controls Sees Fourth-Quarter Earnings Exceeding Market Expectations
Johnson Controls, Inc. (NYSE: JCI - news) expects to report that earnings for the fourth quarter of its fiscal year 2000 will be $1.60 - $1.63 per diluted share, at least 16% over the $1.38 per diluted share for the three months ended September 30, 1999, and higher than the current consensus analyst estimate of $1.57. Assuming that range for the 12 months ended September 30, 2000, earnings per diluted share would total $5.06 - $5.09, at least 23% higher than $4.13 for fiscal 1999.
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