n">(Reuters) - Johnson Controls Inc (JCI.N) forecast a smaller-than-expected profit for the current quarter due to lower auto production in Europe, sending the company's shares down more than 3 percent.

The company, the largest U.S. auto parts supplier, forecast a fiscal second-quarter profit of 40 cents to 42 cents per share, short of analysts' expectations of 51 cents, according to Thomson Reuters I/B/E/S.

"The forecast reflects the current European automotive production environment and short-term delays in flexing labor in the region," the company said on Friday.

Johnson Controls' stock was down 3.3 percent to $30.91 on the New York Stock Exchange. Shares fell even as the company posted a slightly better-than-expected profit in its fiscal first quarter.

The company in October said weaker business in Europe would reduce its first-half profit significantly. Restructuring actions initiated in the latter part of 2012 are expected to boost profit in the second half.

Johnson Controls, which makes car interiors and batteries, maintained its fiscal 2013 outlook of higher profit and sales.

Citi analyst Itay Michaeli said the second-quarter forecast suggested Johnson Control would earn 65 percent of its annual profit in the second half of the year, about 10 percentage points higher than in the last two years.

"Given the current demand environment and the operational pressures the company is facing in Europe, we believe the risks around this outlook are elevated and investors could avoid shares in the near term as this is discounted," Baird analyst David Leiker said in a research note.

In its fiscal first quarter, ended December 31, Johnson Controls earned $354 million, or 52 cents per share, compared with $424 million, or 62 cents per share, a year earlier. Analysts expected 51 cents.

Revenue rose marginally to $10.42 billion. Analysts on average had estimated revenue of $10.26 billion.

(Reporting by A. Ananthalakshmi in Bangalore and Deepa Seetharaman in Detroit; Editing by Maju Samuel)

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Ohio Governor John Kasich speaks during the CERAWEEK world petrochemical conference in Houston March 7, 2012.

COLUMBUS, Ohio | Thu Dec 20, 2012 6:36pm EST

COLUMBUS, Ohio (Reuters) - Ohio's Republican Governor Johns Kasich on Thursday signed into law a measure that would slightly weaken the state's law on carrying concealed weapons, less than a week after a Connecticut school massacre focused national attention on gun control.

The bill would require Ohio residents demonstrate competency with the weapon only once rather than each time the concealed carry permit expires. It also would allow carrying concealed weapons in the parking garage of the State Capitol.

Kasich signed the bill along with 41 others and did not hold a signing ceremony. A press release summarizing his actions put the gun law near the bottom of list of those signed.

Kasich foreshadowed the action earlier in the week, telling reporters he would sign it: "Whatever we do, we don't want to erode the Second Amendment rights of law abiding citizens."

The Second Amendment to the U.S. Constitution gives American citizens the right to bear arms.

Democratic state Representative Tracy Maxwell Heard said Kasich should not have signed such a "divisive" bill less than a week after a national tragedy.

"Rather than rushing to sign legislation that weakens our gun laws, we must use this time for a full, inclusive reflection," Maxwell Heard said.

Last Friday, a gunman opened fire at an elementary school in Newtown, Connecticut, killing 20 children and six adults before shooting himself.

Michigan's Republican Governor Rick Snyder on Tuesday vetoed a proposed law that would have allowed some gun owners to bring concealed weapons into public places such as schools. Snyder said that the Connecticut shooting had influenced his decision.

(Editing by Greg McCune, desking by G Crosse)

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