Carrier Global gains after raising full-year profit, revenue forecasts
CARR•Carrier Global raises outlook after strong quarterly results
- Shares of HVAC maker Carrier Global CARR.N rise 2.32% to $70.9 premarket.
- Stock set to open at its highest in over three weeks, if gains hold.
- The company raises its FY sales and adjusted EPS outlook to about $23 billion and $2.9, respectively, compared with its prior forecast of about $22 billion and $2.8.
- Carrier posts Q2 net sales of $6.35 billion, beating analysts' estimates of $6.02 billion — data compiled by LSEG.
- Q1 adjusted EPS of 86 cents was above analysts' average estimate of 81 cents.
- "Orders were very strong globally in the second quarter supported by continued data center demand," CEO David Gitlin says.
- 15 of 25 brokerages rate the stock "buy" or higher and ten rate it "hold"; median PT is $76.
- As of last close, the stock has risen 31.2% YTD.
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