Carrier Global Misses Q3 Estimates: Will FY24 Outlook Drag Shares Down? [Yahoo! Finance]
Carrier Global Corporation (CARR)
Company Research
Source: Yahoo! Finance
Net sales of $5.98 billion missed the Zacks Consensus Estimate by 9.50% but increased 21.3% year over year. The year-over-year surge was driven by the acquisition of Viessmann Climate Solutions, which contributed approximately 17% to overall sales growth. This acquisition helped enhance Carrier's product offerings and market reach. Product sales (88.7% of net sales) of $5.3 billion increased 22.2% year over year. Service sales (11.3% of net sales) of $677 million were up 14.6% year over year. Carrier Global Corporation price-consensus-eps-surprise-chart | Carrier Global Corporation Quote CARR's shares have soared 39.1% compared with the Zacks Computer and Technology sector's rise of 25.3% year to date. The outperformance can be attributed to CARR's strength in the HVAC Segment. However, CARR is realigning its business and has adjusted its full-year guidance due to the move of the Fire & Security segment to discontinued operations. As a result, its revenue fell short of es
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CARR
News
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- Industrial HVAC Market to Grow by USD 7.01 Billion (2024-2028), Driven by Demand for Energy-Efficient Systems, Market Evolution Powered by AI - Technavio [Yahoo! Finance]Yahoo! Finance
- C40 and Carrier Collaborate to Help Cities Tackle Extreme Heat and Enhance Climate Resilience [Yahoo! Finance]Yahoo! Finance
- C40 and Carrier Collaborate to Help Cities Tackle Extreme Heat and Enhance Climate ResiliencePR Newswire
- Industrial Chillers Market to Be Worth $16.5 Billion by 2031--Exclusive Report by Meticulous Research [Yahoo! Finance]Yahoo! Finance
CARR
Earnings
- 10/24/24 - Miss
CARR
Sec Filings
- 11/20/24 - Form SC
- 11/15/24 - Form SC
- 11/13/24 - Form SC
- CARR's page on the SEC website