Auto-Parts Sales Push JCI Profit Above Estimates

Newswire

(Adds estimates, forecast, share movement) April 23 (Reuters) - Johnson Controls Inc reported a better-than-expected quarterly profit as higher vehicle production in key markets drove up sales of car seats and other auto parts. Sales in the automotive unit, whose customers include Toyota Motor Corp and General Motors, rose 11 percent to $5.62 billion, accounting for over half of total revenue. The company, which also makes heating and cooling systems for buildings, has been cutting its ...

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