Carrier Global (CARR) Reports Earnings Tomorrow: What To Expect - The Chronicle-Journal
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Heating, ventilation, air conditioning, and refrigeration company Carrier Global ( NYSE: CARR ) will be announcing earnings results this Tuesday before market hours. Here's what to look for. Carrier Global beat analysts' revenue expectations last quarter, reporting revenues of $5.34 billion, up 2.4% year on year. It was a very strong quarter for the company, with a solid beat of analysts' organic revenue estimates and a beat of analysts' EPS estimates. Is Carrier Global a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Carrier Global's revenue to decline 1.6% year on year, a reversal from the 3% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Carrier Global has missed Wall Street's revenue estimates multiple times over the last two years. Looking at Carrier Global's peers in the building products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Apogee's revenues decreased 1.1% year on year, beating analysts' expectations by 3.4%, and AZZ reported revenues up 6.3%, topping estimates by 3.2%. AZZ traded down 1.9% following the results. Read our full analysis of...
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