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Why Shares of Johnson Controls Surged Again in November

Why Shares of Johnson Controls Surged Again in November


Published on 2024-12-04 14:09:49 - Bill Williamson, WOPRAI
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  • Heating, ventilation, air conditioning (HVAC), and building controls company Johnson Controls (NYSE: JCI) rose by 11% in November, according to data from S&P Global Market Intelligence. The catalyst for the move comes from the company's fourth-quarter earnings report,

The article from AOL Finance discusses the significant surge in Johnson Controls International's stock price, which jumped by 10.5% following the release of their fiscal second-quarter earnings. The company reported adjusted earnings of 75 cents per share, surpassing the consensus estimate of 73 cents per share, and their revenue also exceeded expectations, coming in at $6.68 billion against the anticipated $6.51 billion. This performance was driven by strong demand in the Americas, particularly in the Building Solutions segment, which saw a 10% organic growth. Additionally, Johnson Controls raised its full-year guidance, boosting investor confidence. The positive earnings were attributed to effective pricing strategies, productivity improvements, and a robust order backlog, despite challenges like supply chain issues and inflation.

Read the Full AOL Article at:
[ https://www.aol.com/finance/why-shares-johnson-controls-surged-091827404.html ]
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