Johnson Controls gains on Q4 beat, upbeat FY27 profit outlook
BUZZ-Johnson Controls gains on Q4 beat, upbeat FY27 profit outlook ** Shares of industrial supplier Johnson Controls International JCI.N rise ~4.5% to $154 premarket
** Co beats fourth-quarter profit and revenue estimates, driven by strength in its Applied HVAC & Controls business and sustained demand from data centers
** Reports Q4 adjusted earnings per share of $1.66, above estimates of $1.59
** Co's Q4 sales rose 10% to $7.11 billion, above analysts' expectations of $7.03 billion - data compiled by LSEG
** JCI expects FY27 adjusted profit per share in the range of $6.15 to $6.30, the midpoint of which is above Wall Street expectations of $6.16
** Median PT of 23 brokerages covering the stock is $170.5 - data compiled by LSEG
** As of last close, stock up 23.2% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))