Carrier Global shares are trading lower following mixed Q1 financial results. The company also reduced its 2024 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Carrier Global's shares are trading lower after the company reported mixed Q1 financial results and reduced its 2024 revenue guidance.
April 25, 2024 | 10:43 am
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Carrier Global's stock is trading lower due to mixed Q1 financial results and a downward revision in 2024 revenue guidance.
The negative reaction in Carrier Global's stock price is directly tied to the mixed financial results for Q1 and the company's decision to lower its revenue outlook for 2024. This news is likely to dampen investor sentiment in the short term as it raises concerns about the company's future revenue growth and profitability.
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