Movement Alert｜Carrier Global Corporation Falls 5.8% in Pre-Market Trading, Earnings Beat Overshadowed by Slightly Lowered EPS Outlook

Market Focus10-29

On October 29, Carrier Global Corporation fell 5.8% in Pre-Market Trading, with the stock trading at $53.2257 and turnover of $356,700.

The move followed the company’s third-quarter report: adjusted EPS rose to $0.87 from $0.67 and topped consensus expectations of about $0.76-$0.77, while net sales increased to $6.26 billion from $5.58 billion and also beat forecasts.

However, the updated full-year outlook appeared mixed. Carrier Global Corporation lifted its sales guidance to $23.8 billion-$24.0 billion from about $23 billion, above the $23.34 billion consensus, but revised adjusted EPS guidance to $2.85-$2.90 from around $2.90, versus expectations of $2.89. That modestly softer earnings range likely weighed on sentiment despite the revenue strength.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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