US: Johnson Controls Q4 net down but auto profits

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Johnson Controls on Tuesday reported fiscal 2009 fourth quarter net sales of US$7.9bn and diluted earnings per share of $0.47. Segment income was $409m versus $605m in the 2008 fourth quarter. Excluding non-recurring items, earnings per share were $0.52 compared with $0.73 in the 2008 period. Full story...