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NEW YORK (TheStreet) -- Johnson Controls (JCI) reported its fiscal 2016 first quarter earnings results before the market open on Thursday. 

The Milwaukee-based industrial company reported adjusted earnings of 82 cents per share, which is in-line with analysts' forecasts. 

However, revenue fell to $8.9 billion from $9.6 billion in the year-ago period. Analysts were expecting $9.29 billion in revenue.

The company's revenue was hurt by the de-consolidation of its Automotive Interiors business and due to the impact of foreign exchange, Johnson Controls said.

Earlier this week, Johnson Controls announced it was combining with Irish security systems company Tyco International (TYC). 

Johnson Controls stock closed up 0.03% to $35.14 on Wednesday.

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TheStreet Recommends

Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "buy" with a ratings score of B-. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

You can view the full analysis from the report here: JCI

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