Johnson Controls-Hitachi Q1 Profit Falls 57% YoY

Imagine a company called Johnson Controls-Hitachi that makes air conditioners.

They just announced how well they did in the first three months of this year.

Unfortunately, they didn't do as well as last year.

Their profits, which is like their earnings, went down a lot – by more than half!

They also made less money overall.

Even though things weren't great, the company is giving some of its money back to the people who own shares, by offering dividend.

Even though their earnings went down, the company's stock price slightly increased at the end of the day.