PALM BEACH GARDENS, Fla. (AP) — PALM BEACH GARDENS, Fla. (AP) — Carrier Global Corporation (CARR) on Tuesday reported second-quarter earnings of $501 million.
On a per-share basis, the Palm Beach Gardens, Florida-based company said it had net income of 60 cents. Earnings, adjusted for one-time gains and costs, came to 86 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.
The company posted revenue of $6.35 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $6.02 billion.
Carrier Global expects full-year earnings to be $2.90 per share, with revenue expected to be $23 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CARR at https://www.zacks.com/ap/CARR
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