Carrier Global Q3 2024 Adj. EPS $0.83 Beats $0.82 Estimate, Sales $5.984B Miss $6.451B Estimate
Portfolio Pulse from Benzinga Newsdesk
Carrier Global reported Q3 2024 adjusted EPS of $0.83, beating the estimate of $0.82. However, sales were $5.984 billion, missing the estimate of $6.451 billion.
October 24, 2024 | 10:05 am
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Carrier Global's Q3 2024 adjusted EPS of $0.83 exceeded expectations, but sales of $5.984 billion fell short of the $6.451 billion estimate.
The earnings per share (EPS) beat indicates strong profitability, which is positive for the stock. However, the sales miss suggests potential challenges in revenue generation, which could offset the positive EPS impact. This mixed result may lead to short-term volatility in the stock price.
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