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Johnson Controls International PLC reported Thursday fiscal fourth-quarter earnings that matched expectations, revenue rose above forecasts and added $1 billion to its share buyback program. The diversified industrial company's stock was still inactive in premarket trade. Net income fell to $771 million, or 83 cents a share, from $875 million, or 93 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share rose 7% to 93 cents; the FactSet consensus was 93 cents. Revenue increased to $8.37 billion from $8.14 billion, above the FactSet consensus of $8.25 billion. Power Solutions revenue fell to $2.13 billion from $2.19 billion, missing the FactSet consensus of $2.17 billion. "We are in the final stages of the strategic review of our Power Solutions business," said Chief Executive George Oliver. The company expects 2019 adj. EPS of $2.90 to $3.05, surrounding expectations of $3.03. The company said the new $1 billion share repurchase authorization adds to the $900 million remaining on a previous authorization. The stock had tumbled 10.5% over the past three months, while the S&P 500 has slipped 1.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.