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Dividend.com: J&J a Good Play

Stock quotes in this article: JNJ , JCI , IR , GWW  

Johnson Controls Slashes Earnings Estimates Amid Auto Market Worries

Johnson Controls(JCI Quote) is forecasting a decline in revenue and earnings for its new fiscal year due to an anticipated drop in global automotive production.

The company manufactures original equipment for automobile manufacturers, including seats, interiors and batteries of various sizes.

For 2009, Johnson Controls now sees a profit of $1.95 to $2.10 per share, well below analysts' consensus estimates of $2.46 a share. ...

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