Carrier Global (CARR) Tops Q3 EPS by 20c

Carrier Global (NYSE: CARR) reported Q3 EPS of $0.67, $0.20 better than the analyst estimate of $0.47. Revenue for the quarter came in at $5 billion versus the consensus estimate of $4.35 billion.

GUIDANCE:

Carrier Global sees FY2020 revenue of $17.3 billion, versus the consensus of $16.41 billion.

• Sales of approximately $17.3 billion, up from a range of $15.5 to $17.0 billion;
• Adjusted operating profit of approximately $2.2 billion, up from a range of $1.8 to $2.0 billion; and
• Free cash flow of approximately $1.5 billion, up from at least $1.1 billion. Carrier's stronger than expected free cash flow will support plans to reduce the Company's debt by $1.5 billion in the fourth quarter 2020.

For earnings history and earnings-related data on Carrier Global (CARR) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Ennis (EBF) Reports In-Line Q1 EPS
• Credo Technology pops 3.5% as Evercore initiates with monster $325 price target