Johnson Controls International plc said its normalized net income for the fiscal third quarter ended June 30 came to 43 cents per share, compared with the S&P Capital IQ consensus estimate of 71 cents per share.
EPS climbed 10.2% year over year from 39 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $405.4 million, a gain of 60.1% from $253.1 million in the prior-year period.
The normalized profit margin climbed to 5.3% from 4.9% in the year-earlier period.
Total revenue increased 49.1% on an annual basis to $7.68 billion from $5.15 billion, and total operating expenses increased 47.2% year over year to $6.86 billion from $4.66 billion.
Reported net income increased 61.2% on an annual basis to $555.0 million, or 59 cents per share, from $344.3 million, or 53 cents per share.