UPDATE 1-Johnson Controls sees Q4 profit, FY12 below Street view
The company, which will report fourth-quarter results on Oct. 27, said it expects an adjusted quarterly profit of 75 cents a share and sales of about $10.7 billion.Analsyts on an average are expecting earnings of 78 cents a share, on revenue of $10.5 billion, according to Thomson Reuters I/B/E/S.The company forecast 2012 earnings of $2.85-$3.00 per share, on sales of about $44.2 billion.Analsyts on an average are expecting 2012 earnings of $3.10 a share, on revenue of $44.6 billion, according to Thomson Reuters I/B/E/S.The company expects automotive production in 2012 to be higher in North America and China, and relatively flat in Europe.Johnson Controls also said it sees margin improvements in all three of its businesses -- Automotive Experience, Power Solutions and Building Efficiency -- for 2012.The global building efficiency market is forecast to improve slightly in 2012.Shares of the company closed at $30.14 on Tuesday on the New York Stock Exchange.