Johnson Controls Inc forecast lower 2014 earnings than analysts were expecting on Wednesday, as it plans to purchase and sell assets to reduce dependence on the low-margin automotive sector in favor of its power business.Shares of Johnson Controls, the largest U.S. auto parts maker, fell 2.6 percent to $50.01 in Wednesday afternoon trading.The company expects 2014 earnings between $3.15 and $3.30 per share, below the average analyst estimate of $3.31 per share, according to Thomson Reuters I/B/E/S.The company said it expected revenue of $43.8 billion next year, slightly below the average analyst estimate of $43.87 billion.
Johnson Controls, Inc. (Johnson Controls) manufactures, installs and services automatic temperature regulation systems for buildings. Shares of JCI fell by 2.71% or $-1.39/share to $49.93. In the past year, the shares have traded as low as $29.48 and as high as $51.90. On average, 4179100 shares of JCI exchange hands on a given day and today's volume is recorded at 4354733.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 1.3% or $-0.48/share to $36.37. In the past year, the shares have traded as low as $28.53 and as high as $38.73. On average, 853773 shares of TRI exchange hands on a given day and today's volume is recorded at 262122.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.72% or $-0.28/share to $38.82. In the past year, the shares have traded as low as $28.45 and as high as $40.61. On average, 967009 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 304952.
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