New book by Larry Connors Click here Improve your trading - See how
The company offered the following forward-looking statements, "Johnson Controls today affirmed the 2010 financial guidance it issued on October 13, 2009. Johnson Controls anticipates a sales increase of 9%, to approximately $31 billion. Earnings are expected to increase to approximately $1.35 - $1.45 per diluted share, significantly higher than 2009. Sales, earnings and margin improvements are expected in all three of its businesses in 2010... The company's 2010 expectations are the result of higher global automotive production forecasts in 2010 than in 2009 and a resumption of higher growth rates in global emerging markets. Building Efficiency markets are expected to improve beginning in the second half of the fiscal year, particularly as government stimulus-funded projects have an increasingly meaningful impact on revenues."
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