: Johnson Controls stock jumps after HVAC company beats earnings expectations, lifts outlook


Shares of Johnson Controls International PLC JCI jumped 4.4% in premarket trading Friday, after the building products and heating, ventilation and air conditioning (HVAC) company beat fiscal second-quarter earnings expectations and lifted its full-year outlook, citing a “healthy” pipeline and margin expansion. Net income rose to $133 million, or 19 cents a share, from $11 million, or 2 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 75 cents beat the FactSet consensus of 73 cents. Sales grew 9.6% to $6.89 billion, above the FactSet consensus of $6.50 billion. Cost of…

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