Johnson Control stock leads S&P 500 losers as supply-chain troubles trump strong demand, leading to lowered outlook
May 04, 2022 at 14:47 PM EDT
Shares of Johnson Controls International PLC were having their worst day in 13 years, after the building products and HVAC company reported fiscal second-quarter revenue that missed expectations and slashed its full-year earnings outlook, as accelerating demand lost out to overseas troubles and supply-chain disruptions.
