Carrier Global advances after Q1 earnings beat estimates

Carrier Global

30/04/2026 15:55

** Shares of HVAC maker Carrier Global CARR.O jump 8.4% to $66.93 - set for biggest daily jump in nearly a year

** Q1 net sales of $5.34 bln beat analysts' estimates of about $5 bln, up slightly from $5.2 bln a year-ago - LSEG-compiled data

** Q1 adj. EPS of 57 cents above analysts' average estimate of 51 cents

** Co says now it expects a headwind of about $250 mln to revenue from Riello exit, down from its previous estimate of about $350 mln

** Co said in December it will sell Riello, its Italian HVAC business, to Ariston Group

** Business in commercial HVAC jumped 35% YoY, helped by data centers - CEO David Gitlin

** Sixteen analysts rate stock "buy" or higher and 11 "hold"; median PT at $70 - data compiled by LSEG

** Stock down over 26% YTD, including session's move

 (Reporting by Purvi Agarwal in Bengaluru)

 ((Purvi.Agarwal@thomsonreuters.com;))