Carrier Global: Q4 Earnings Snapshot

PALM BEACH GARDENS, Fla. (AP) — PALM BEACH GARDENS, Fla. (AP) — Carrier Global Corporation (CARR) on Tuesday reported fourth-quarter net income of $420 million.

On a per-share basis, the Palm Beach Gardens, Florida-based company said it had net income of 49 cents. Earnings, adjusted for non-recurring costs, were 53 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The company posted revenue of $5.1 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $5.25 billion.

For the year, the company reported profit of $1.35 billion, or $1.58 per share. Revenue was reported as $22.1 billion.

Carrier Global expects full-year earnings in the range of $2.80 to $2.90 per share, with revenue expected to be $26.5 billion.

Carrier Global shares have fallen 2% since the beginning of the year. The stock has increased 20% in the last 12 months.

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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