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January 25, 2010

Johnson Controls reports profit for 1st quarter

MILWAUKEE (AP) — Auto parts and building systems maker Johnson Controls reported a $350 million profit in its fiscal first quarter and predicted better times ahead as the economy improves later this year.

The 52-cent-per-share profit for the quarter ending Dec. 31 was a huge improvement over a $608 million loss, or $1.02 per share, during the same period in the previous year, and it came due to higher sales and cost-cutting measures.


 
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