Johnson Controls Inc reported a 59 percent jump in quarterly profit, helped by higher sales in its automotive unit. The net income attributable to Johnson Controls rose to $261 million, or 39 cents per share, for the second quarter ended March 31, from $164 million, or 24 cents per share, a year earlier.Sales in its automotive unit, which makes seats and interior products and is the company's largest business, rose 11 percent in the quarter.Johnson Controls also makes batteries for passenger vehicles, and heating, ventilation and cooling systems for buildings.
Johnson Controls, Inc. (Johnson Controls) manufactures, installs and services automatic temperature regulation systems for buildings. Shares of JCI traded higher by 1.84% or $0.87/share to $48.25. In the past year, the shares have traded as low as $32.86 and as high as $52.50. On average, 4326350 shares of JCI exchange hands on a given day and today's volume is recorded at 2909462.
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