Why Johnson Controls Stock Raced Nearly 9% Higher Today
Johnson Controls(JCI) The Motley Fool·2024-11-07 05:45
The company exceeded analyst projections on both its top and bottom lines in its latest completed quarter.The news driving Johnson Controls (JCI 8.83%) stock well higher on Wednesday was glaringly positive. The heating, ventilation, and air conditioning (HVAC) specialist reported its fiscal fourth quarter of 2024 results, and on the better-than-expected results, investors eagerly bought into the stock. It rose by just shy of 9% in price that day, a performance more than good enough to beat the S&P 500 index ...