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Carrier Global (CARR) shares rose 9.4% in Thursday trading after its Q1 adjusted earnings and revenue exceeded market expectations.
The company reported Q1 adjusted earnings Thursday of $0.57 per diluted share, down from $0.65 a year earlier.
Analysts surveyed by FactSet expected $0.51.
Revenue for the quarter ended March 31 was $5.34 billion, up from $5.22 billion a year earlier.
Analysts polled by FactSet expected $5.01 billion.
Carrier Global reaffirmed its full-year 2026 adjusted earnings outlook of $2.80 per share. Analysts polled by FactSet expect $2.78.
The company also reaffirmed its full-year sales outlook of about $22 billion. Analysts surveyed by FactSet expect $21.93 billion.
Price: $67.57, Change: $+5.83, Percent Change: +9.44%