Johnson Controls Inc. (NYSE:JCI) reported a 5% decline in profits to $363 million or 53 cents per share (excluding non-recurring items) in the second quarter of fiscal 2012 from $383 million or 56 cents (excluding non-recurring items) in the same quarter of previous year. However, the profits were in line with the Zacks Consensus Estimate.
The lower earnings can be attributable to lower income in the company’s Automotive Experience and Building Efficiency segments. Net sales in the quarter rose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards