Carrier rises after Q1 profit estimate beat, raises 2025 forecast

Carrier Global

01/05/2025 12:57

** Carrier Global CARR.N shares up 6.8% to $67 premarket

** Co raises 2025 forecast anticipating strong demand for its heating, ventilating and air conditioning products and aftermarket repair services

** CARR reports Q1 adj profit of 65 cents/share vs analysts average estimates of 58 cents/share, as per data compiled by LSEG

** Co expects full-year adj profit to be $3.00 to $3.10/share, compared to $2.95 to $3.05/share

** 15 of 25 brokerages rate the stock "buy" or higher, 10 "hold"; their median PT is $74.80- LSEG

**As of last close, stock had fallen 8.4% YTD

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))