07:11 AM EDT, 05/01/2025 (MT Newswires) -- Carrier Global ( CARR ) reported Q1 adjusted earnings Thursday of $0.65 per diluted share, up from $0.51 a year earlier.

Analysts polled by FactSet expected $0.58.

Revenue for the quarter ended March 31 was $5.22 billion, down from $5.42 billion a year earlier.

Analysts surveyed by FactSet expected $5.19 billion.

The company said it now expects full-year sales of approximately $23 billion, compared to prior guidance of $22.5 billion to $23.0 billion.

Analysts polled by FactSet expect $22.6 billion.

Carrier also raised its 2025 adjusted EPS outlook to a range of $3.00 to $3.10, from prior guidance of $2.95 to $3.05.

Analysts surveyed by FactSet expect $2.98.

Shares of the company were up more than 2% in recent premarket activity.