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Johnson Controls (NYSE:JCI) Fiscal Q3 Adjusted EPS, Revenue Rise; Updates Guidance

Johnson Controls (NYSE:JCI) reported Q3 fiscal 2023 adjusted earnings of $1.03 per diluted share , compared with $0.85 a year earlier. Analysts polled by Capital IQ expected adjusted EPS of $1.03. Revenue for the quarter ended June 30 was $7.13 billion, compared with $6.61 billion a year earlier. Analysts surveyed by Capital IQ expected $7.20 billion. For Q4, the company said that it expects adjusted EPS of approximately $1.10. Analysts are expecting $1.13. For full-year fiscal 2023 Johnson Controls said it expects adjusted EPS of about $3.55, compared with previous guidance of $3.50 to $3.60. Analysts have forecast $3.58 per share.

Johnson Controls (NYSE:JCI) Fiscal Q3 Adjusted EPS, Revenue Rise; Updates Guidance Read Post »

PayPal (NASDAQ:PYPL) Q2 Non-GAAP Earnings, Revenue Rise; 2023 Adjusted Earnings Guidance Maintained

PayPal Holdings (NASDAQ:PYPL) reported Q2 non-GAAP net income  of $1.16 per diluted share, up from $0.93 a year earlier. Analysts polled by Capital IQ expected $1.16. Net revenue for the quarter ended June 30 was $7.29 billion, compared with $6.81 billion a year earlier. Analysts surveyed by Capital IQ expected $7.27 billion. The company said it continues to expect 2023 non-GAAP earnings to rise nearly 20% to about $4.95 per share. Analysts surveyed by Capital IQ expect $4.94. PayPal also said it expects Q3 non-GAAP earnings to increase 13% to 14% to a range of $1.22 to $1.24 per share while net revenue during the quarter is expected to grow nearly 8% on a spot-and-foreign exchange neutral basis to roughly $7.40 billion. Analysts polled by Capital IQ expect normalized earnings of $1.22 per share on revenue of $7.33 billion.

PayPal (NASDAQ:PYPL) Q2 Non-GAAP Earnings, Revenue Rise; 2023 Adjusted Earnings Guidance Maintained Read Post »

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