April 25 (Reuters) - Air conditioner maker Carrier
Global ( CARR ) cut its full-year revenue forecast on Thursday,
anticipating continued pressure on consumer spending amid
persistent inflation.
Carrier, which also makes heating and ventilation equipment,
now expects full-year revenue to be $26 billion, below its
previous forecast of $26.50 billion.
Households are deciding against spending on energy-efficient
upgrades as persistent inflation eats into savings, which also
led to the Palm Beach, Florida-based company's first-quarter
revenue falling short of Wall Street estimates.
Carrier, which is also facing slumping demand in Europe,
reported quarterly revenue of $6.18 billion.
Analysts had expected it to post revenue of $6.28 billion,
according to LSEG data.
The company reported a first-quarter net income of $269
million, or 29 cents per share, compared with $373 million, or
44 cents per share, last year.