Johnson Controls Inc. (US:jci)
Posted 11-05-2012 at 06:49 AM by marcitize12
| Johnson Controls Inc. (US:jci) on Tuesday said it swung to a second-quarter loss of $193 million, or 33 cents a share, from net income of $289 million, or 48 cents a share in the year-ago period. The company's adjusted loss amounted to 16 cents a share. The Milwaukee-based automotive parts maker said sales dropped to $6.3 billion from $9.4 billion. Analysts surveyed by FactSet Research forecast a loss of 13 cents a share and revenue of $6.9 billion. Johnson Controls said it expects a less severe loss in its upcoming third quarter results, and forecast positive earnings for the fourth quarter. |
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