Johnson Controls expects fiscal 2007 earnings to rise 14% from 2006 results to $US6 a share, helped by “substantial growth” in its building efficiency business, market share gains in its power solutions business and diversification in its interior business, according to Dow Jones Newswires.
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Analysts surveyed by Thomson First Call reportedly had been expecting earnings of $5.99 a share, on average.
Johnson Controls said revenue for 2007 is expected to reach $34 bn compared with analyst forecasts of $34.72 bn, the report added.
The Milwaukee automotive parts maker said it still expects earnings of $1.86 to $1.91 a share for the fourth quarter of 2006 and full year earnings of $5.25 to $5.30 a share, according to Dow Jones.
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