Johnson Controls Forecasts 2014 Profit Trailing Estimates

Johnson Controls Inc., the largest U.S. auto-parts maker, forecast full-year profit growth that lagged behind analysts’ estimates as the manufacturer predicted limited car-market expansion in Europe.

Earnings per share will total $3.15 to $3.30 for the year ending Sept. 30 on sales of $43.8 billion, Milwaukee-based Johnson Controls said in a statement. That compared with an average analyst estimate of $3.34 a share profit and revenue of $43.8 billion, according to data compiled by Bloomberg. Net income in fiscal 2013 amounted to $1.71 a share, with revenue at $42.7 billion.