Why Johnson Controls Stock Is Down Today
Johnson Controls(JCI) The Motley Fool·2024-05-01 23:15
Earnings were fine, but the company faces headwinds in China.Climate control and building automation specialist Johnson Controls International (JCI -7.34%) delivered an earnings beat before the market opened Wednesday, but sales were a little bit below expectations. Investors appear to be nervous about how the rest of the year will progress, and sent shares lower in morning trading. As of 11:12 a.m. ET, the stock was off by 7.6%.Weakness in China offset strength elsewhereIn its fiscal second quarter, which ...