Johnson Controls International plc said its normalized net income for the fiscal second quarter ended March 31 amounted to 29 cents per share, compared with the S&P Capital IQ consensus estimate of 49 cents per share.
EPS increased year over year from 28 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $274.5 million, a gain of 48.3% from $185.1 million in the year-earlier period.
The normalized profit margin fell to 3.8% from 3.9% in the year-earlier period.
Total revenue increased 53.5% on an annual basis to $7.27 billion from $4.73 billion, and total operating expenses increased 54.5% from the prior-year period to $6.71 billion from $4.34 billion.
Reported net income came to a loss of $150.3 million, or a loss of 16 cents per share, compared with income of $215.2 million, or 33 cents per share, in the year-earlier period.
