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Carrier Global's Q3 Adjusted Earnings Increase, Revenue Rises; 2024 Guidance Cut
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Carrier Global's Q3 Adjusted Earnings Increase, Revenue Rises; 2024 Guidance Cut
Nov 2, 2024 3:14 AM

06:50 AM EDT, 10/24/2024 (MT Newswires) -- Carrier Global ( CARR ) reported Q3 adjusted earnings from continuing operations Thursday of $0.77 per diluted share, up from $0.75 a year earlier.

Analysts polled by Capital IQ expected $0.82.

Net sales for the quarter ended Sept. 30 were $5.98 billion, up from $4.94 billion a year earlier.

Analysts surveyed by Capital IQ expected $6.56 billion.

The company now expects 2024 adjusted EPS of about $2.50, compared with previous guidance of $2.80 to $2.90. Analysts polled by Capital IQ expect $2.85.

The company expects sales for the year of about $22.50 billion, down from its prior guidance of around $25.50 billion. Analysts surveyed by Capital IQ expect $25.38 billion.

Carrier Global's ( CARR ) share price fell more than 3% in recent premarket activity on Thursday.

Price: 76.82, Change: -3.13, Percent Change: -3.91

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