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BUZZ-Johnson Controls rises after lifting 2025 profit forecast

Reuters
May 07, 2025
BUZZ-Johnson Controls rises after lifting 2025 profit forecast

** Shares of liquid cooling systems maker Johnson Controls International JCI.N rise 2% to $90

** Co raises 2025 profit forecast after beating Q2 expectations, helped by sustained demand from data centers for building and industrial equipment

** JCI expects 2025 adj profit of $3.60/share, the top end of previous forecast range of $3.50 to $3.60

** Co posts Q2 revenue of $5.68 bln, compared with analysts' avg estimates of $5.64 bln - data compiled by LSEG

** Excluding items, co posts profit of 82 cents/share, above estimates of 79 cents/share

** Thirteen of 23 brokerages rate the stock "buy" or higher, 10 "hold"; their median PT is $90 - LSEG

** Including session moves, shares are up 14.4% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

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