BUZZ-Johnson Controls up after forecasting 2026 profit above estimates

Reuters02-04 21:29

** Shares of industrial supplier Johnson Controls International JCI.N rise 7.3% to $133 in premarket trading

** Co sees 2026 profit above Wall Street estimates, anticipating sustained demand for its thermal management and cooling equipment used in data centers

** Raises FY adjusted profit forecast to $4.70 per share from $4.55 per share, above analysts' estimate of $4.61 per share, according to data compiled by LSEG

** Posts Q1 adjusted profit per share of 89 cents, compared with 64 cents a year ago

** JCI gained 51.7% in 2025

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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