Johnson Controls Inc forecast lower 2014 earnings than analysts were expecting 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 as much as 1.5 percent in early trading on Wednesday.Johnson Controls forecast 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.Milwaukee-based Johnson Controls makes car interiors and batteries as well as heating, cooling and ventilation systems for buildings.
Johnson Controls, Inc. (Johnson Controls) manufactures, installs and services automatic temperature regulation systems for buildings. Shares of JCI fell by 1.56% or $-0.8/share to $50.52. 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 644882.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $36.85. 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 27546.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.38% or $0.15/share to $39.25. 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 48593.
Source
