Johnson Controls (JCI) Q1 Earnings Beat, Revenues Rise Y/Y

Johnson Controls International plc (JCI) reported first-quarter fiscal 2024 (ended Dec 31, 2023) adjusted earnings of 51 cents per share, which beat the Zacks Consensus Estimate for earnings of 50 cents per share. However, the bottom line decreased 23.9% year over year.Total revenues of $6,094 million missed the consensus estimate of$6,126 million. The top line increased 0.4% year over year.Segmental ResultsBuilding Solutions North America: The segment’s revenues were $2,487 million, up 5% year over year. ...