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Carrier Global: Q4 Earnings Snapshot
By AP News - Feb 11, 2025, 06:52 AM ET
Last Updated - Feb 11, 2025, 06:52 AM EST
PALM BEACH GARDENS, Fla. (AP) — PALM BEACH GARDENS, Fla. (AP) — Carrier Global Corporation (CARR) on Tuesday reported fourth-quarter net income of $2.55 billion.
The Palm Beach Gardens, Florida-based company said it had profit of $2.82 per share. Earnings, adjusted to account for discontinued operations, came to 54 cents per share.
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The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The company posted revenue of $5.15 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $5.33 billion.
For the year, the company reported profit of $5.6 billion, or $6.15 per share. Revenue was reported as $22.49 billion.
Carrier Global expects full-year earnings in the range of $2.95 to $3.05 per share, with revenue in the range of $22.5 billion to $23 billion.
Carrier Global shares have dropped 3% since the beginning of the year. The stock has risen 20% 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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