The Cooling Stock Heated Up After Earnings. Google Is Helping. - Barron's
Solid earnings and increased guidance align positively with investor expectations, boosting confidence.
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Solid earnings and increased guidance align positively with investor expectations, boosting confidence.
What happened, with direct paths to the underlying reporting
Johnson Controls reported strong Q1 earnings; EPS rose to 64 cents. The company expects FY 2025 EPS between $3.50 and $3.60, above expectations. Record-high stock driven by a 16% YoY increase in orders. Alphabet's $75B capital plan may boost data center-related demand for JCI. Data center revenue doubled year-over-year, contributing to strong backlog.
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