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Johnson Controls: tightens up EPS target range

(CercleFinance.com) - Johnson Controls has announced that it has tightened up its target EPS range for continuing operations for fiscal year 2018-19, with it now expecting between 1.
93 dollar and 1.95 dollar, up by 21% to 23%.

The diversified industrial group has published Q3 adjusted EPS from continuing operations that is up 20% at 65 cents, beating analysts' average estimate by two cents.

Johnson Controls saw its adjusted operating margin improve by 50 basis points to 12.5%, with revenues up 3% at 6.5 billion dollars, with organic growth of 6%.


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