By Natalie Weger
Johnson Controls International shares dropped after the company reported a lower profit in the third quarter.
Shares fell 7.5% at $103.11 on Tuesday. The stock has been up 31% this year.
The Ireland-based building products company said its profit fell to $701 million, or $1.07 a share, for the quarter ended June 30, from $975 million, or $1.45 a share, in the prior-year period.
Adjusted per-share earnings were $1.05, beating analyst expectations for $1.01, according to FactSet.
Third-quarter sales rose to $6.05 billion from $5.9 billion last year. Analysts polled by FactSet expected $5.99 billion.
The company raised its 2025 adjusted earnings per share outlook to between $3.65 and $3.68, compared with its previous outlook of $3.60.
For the fourth quarter, Johnson Controls expects adjusted earnings per share before special items of $1.14 to $1.17, while analysts polled by FactSet expect $1.16.
Write to Natalie Weger at natalie.weger@wsj.com
(END) Dow Jones Newswires
July 29, 2025 15:58 ET (19:58 GMT)
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