Carrier Global: Fourth Quarter Earnings Overview

Carrier Global Corporation Reports Fourth Quarter Earnings

Carrier Global Corporation, headquartered in Palm Beach Gardens, Florida, announced a net profit of $53 million for the fourth quarter.

The company’s earnings translated to $0.06 per share. After adjusting for special items, earnings were $0.34 per share.

These results did not meet analysts’ expectations. According to Zacks Investment Research, the consensus estimate among five analysts was $0.36 per share.

Quarterly revenue reached $4.84 billion, which also came in below projections. Four analysts polled by Zacks had anticipated revenue of $5.04 billion.

For the full year, Carrier Global reported a total profit of $1.48 billion, or $1.72 per share, with annual revenue amounting to $21.75 billion.

Looking ahead, the company forecasts earnings of $2.80 per share and expects revenue to reach $22 billion for the upcoming year.