Carrier Global Q2 2024 Adj EPS $0.87 Beats $0.84 Estimate, Sales $6.70B Miss $7.00B Estimate
Portfolio Pulse from Benzinga Newsdesk
Carrier Global (NYSE:CARR) reported Q2 2024 adjusted EPS of $0.87, beating the estimate of $0.84, but sales of $6.70 billion missed the $7.00 billion estimate. Sales increased by 11.82% year-over-year.
July 25, 2024 | 10:31 am
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NEUTRAL IMPACT
Carrier Global's Q2 2024 earnings per share beat estimates, but sales fell short. Despite the sales miss, the company showed a significant year-over-year sales increase.
The mixed results, with EPS beating but sales missing estimates, create a neutral short-term outlook. The significant year-over-year sales increase is a positive sign, but the sales miss may weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100