Carrier Global Stock Cools on Soft Sales, Guidance Cut [Yahoo! Finance]
Carrier Global Corporation (CARR)
Company Research
Source: Yahoo! Finance
The air conditioner maker's third-quarter earnings statement no longer included the Fire & Security unit, which accounted for $923 million a year ago. Carrier lowered its full-year guidance because of the exit. Carrier Global ( CARR ) shares tumbled Thursday as the manufacturer of air conditioners and building automation systems posted lower-than-expected sales and cut its guidance as it moved to exit its Fire & Security business. The company's third-quarter revenue advanced 21% year-over-year to $5.98 billion. However, analysts surveyed by Visible Alpha were anticipating $6.55 billion. Adjusted earnings per share (EPS) of $0.83 exceeded forecasts. The Fire & Security unit revenue was no longer accounted for in the ledger. It brought in $923 million a year ago, and $871 million in the second quarter. Revenue at Carrier's HVAC division jumped 26% to $5.06 billion, and it was up 1.5% to $938 million at its Refrigeration segment. Chief Executive Officer (CEO) David Gitlin said
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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