Johnson Controls Inc
Posted 11-05-2012 at 07:49 AM by marcitize12
| Johnson Controls Inc. on Tuesday said it swung to a hefty second-quarter loss after the auto parts supplier was unable to shake off the historic industry downturn that has led to steep production cuts at its top automaker customers. Johnson Controls (US:JCI) stock ended the session up 8.6% at $17.52 but are still down 50% in the past year. The company reported a loss of $193 million, or 33 cents a share, vs. a profit of $289 million, or 48 cents a share in the year-ago period. |
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