Market Currents

• Tuesday, October 27, 2009

• 07:46 AM Johnson Controls (JCI): FQ4 EPS of $0.52 beats by $0.01. Revenue of $7.87B (-15.5%) in-line. (PR) Comment!
• 00:05 AM Notable pre-market earnings: AGCO, AKS, AMTD, AVY, BEAV, BEN, BJS, BP, BYD, CE, CP, CPO, CTV, CVG, ECL, ELNK, ENTG, FE, FPL, GIGM, HSP, IACI, ICON, JCI, LIFE, LLL, PCAR, SAH, TXT, VLO, WYNN, X Comment!

• Monday, July 20, 2009

• 07:05 AM Johnson Controls (JCI): FQ3 EPS of $0.25 beats by $0.06. Revenue of $7B (-29.3%) vs. $7.4B. (PR) Comment!
• 00:05 AM Notable earnings before Monday's open: ETN, HAL, HAS, JCI, MTB, WFT Comment!

• Tuesday, April 21, 2009

• 07:31 AM Johnson Controls (JCI): FQ2 EPS of -$0.16 beats by $0.01. Revenue of $6.3B (-32.9%) vs. $6.9B. (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: AKS, ALV, AMTD, BJS, BK, CAT, CMA, COH, DAL, DD, DGX, EAT, FRX, HBAN, JCI, JEF, KCI, KEY, KO, LMT, LXK, MAN, MICC, MRK, MTB, NTRS, NYT, RF, SGP, STT, TRA, UAUA, UNH, USB, USG, UTX, WBS, WU Comment!

• Wednesday, April 1, 2009

• 10:48 AM Nine borrowers (including NWL, JCI, TER) have raised $3.2B this year through convertible bonds sales - the first in half a year. "If companies are able to sell securities and investors are clamoring to buy them, it’s definitely a sign that credit markets are healing." Comment!

• Thursday, March 19, 2009

• 11:23 AM Sources say the $5B in aid to auto-parts suppliers will come "from a pool of money to be distributed by automakers." Last month the Original Equipment Suppliers Association said that up to 1/3 of America's 4,000 supplies face "imminent financial distress." A smattering: TRW +29%. JCI +5.6%. NOBL +57%. ARM +31%. Comment!

• Friday, January 16, 2009

• 07:11 AM Johnson Controls (JCI): FQ1 EPS of -$0.14 misses by $0.15. Revenue of $7.34B (-22.6%) vs. $8.48B. Sees a FQ2 loss similar to that of FQ1, vs. consensus of $0.18. (PR) Comment!
• 00:05 AM Notable earnings before Friday's open: BAC, C, FHN, JCI, PPG Comment!

• Thursday, December 18, 2008

• 10:40 AM Fourteen U.S. tech firms (including MMM and JCI) team up to ask for $1B in federal aid for building a plant to make advanced batteries for electric cars. Comment!

• Tuesday, December 16, 2008

• 11:32 AM Johnson Controls (JCI -2.8%) withdraws 2009 guidance amid "the rapid decline in global automotive production and uncertain industry conditions." It now expects a loss in Q1, vs. consensus of $0.20/share. The partsmaker is at least the fourth in the U.S. to abandon forecasts this month. (PR) Comment!

• Thursday, October 23, 2008

• 00:05 AM Notable earnings before Thursday's open: AAI, ALK, ALXN, AMTD, AUO, AVT, BC, BEN, BG, BMY, CBE, CCE, CELG, CNX, DO, DOW, ECA, ECL, ELN, EME, EPD, EQT, ESI, ESV, F, FLIR, GR, HOT, JBLU, JCI, JNS, LCC, LH, LLL, LLY, LTM, LVLT, MO, NIHD, NOV, NYT, ORI, PCZ, PDS, PLD, POT, RGC, RHD, RSH, RTN, RX, SO, STI, TMO, TRA, UNP, UPS, XEL, XRX, ZMH Comment!

• Thursday, July 17, 2008

• 07:44 AM Johnson Controls (JCI): FQ3 EPS of $0.73 in-line. Revenue of $9.86B in-line. Sees Q4 EPS of $0.72-0.74, short of consensus of $0.84, and full-year EPS of $2.32-2.34 vs. consensus of $2.42. [PR] Comment!