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Carrier Global: Q3 Earnings Snapshot
By AP News - Oct 25, 2024, 02:50 PM ET
Last Updated - Dec 16, 2024, 05:58 PM EST
PALM BEACH GARDENS, Fla. (AP) — PALM BEACH GARDENS, Fla. (AP) — Carrier Global Corporation (CARR) on Thursday reported third-quarter net income of $447 million.
On a per-share basis, the Palm Beach Gardens, Florida-based company said it had profit of 49 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 83 cents per share.
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The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The company posted revenue of $5.98 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $6.61 billion.
Carrier Global expects full-year earnings to be $2.50 per share, with revenue expected to be $22.5 billion.
As of Wednesday, Carrier Global shares have risen 39% since the beginning of the year. The stock has climbed 65% 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 Zacks stock report on CARR at https://www.zacks.com/ap/CARR
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