Johnson Controls Stock Leads S&P Gainers on New CEO, Solid Q1 Results
1. Johnson Controls beat Q1 expectations with $419M in net income. 2. Revenue of $5.43 billion also surpassed analyst estimates. 3. Company forecasts Q2 EPS between 77-79 cents, exceeding expectations. 4. Joakim Weidemanis appointed new CEO, effective March 12. 5. Shares surged approximately 12% following positive earnings news.