Carrier Global Q1 2024 Adj EPS $0.62 Beats $0.51 Estimate, Sales $6.182B Miss $6.278B Estimate
Portfolio Pulse from Benzinga Newsdesk
Carrier Global (CARR) reported Q1 2024 adjusted EPS of $0.62, surpassing the $0.51 estimate, but its sales of $6.182B fell short of the $6.278B forecast. This represents a 17.24% increase in sales compared to the same period last year.
April 25, 2024 | 10:31 am
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Carrier Global reported a Q1 2024 adjusted EPS of $0.62, beating estimates, but missed sales forecasts with $6.182B.
The mixed results with an earnings beat but a slight miss on sales forecasts could lead to neutral short-term stock price movement. The earnings beat is positive, but the sales miss, especially when it's close to estimates, may temper any significant positive momentum. The 17.24% year-over-year sales growth indicates underlying strength, potentially offsetting the negative impact of the sales miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100