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Carrier Global: Q1 Earnings Snapshot
By AP News - Apr 25, 2023, 05:03 PM ET
Last Updated - Jun 22, 2023, 03:57 AM EDT
PALM BEACH GARDENS, Fla. (AP) — PALM BEACH GARDENS, Fla. (AP) — Carrier Global Corporation (CARR) on Tuesday reported first-quarter net income of $373 million.
The Palm Beach Gardens, Florida-based company said it had net income of 44 cents per share. Earnings, adjusted for one-time gains and costs, were 52 cents per share.
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The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The company posted revenue of $5.27 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $5 billion.
Carrier Global expects full-year earnings in the range of $2.50 to $2.60 per share, with revenue expected to be $22 billion.
Carrier Global shares have risen nearly 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $42.32, a rise of almost 1% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CARR">Zacks stock report on CARR at https://www.zacks.com/ap/CARR
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