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Carrier Global (CARR) shares surged to lead S&P 500 gains Thursday after the heating, ventilation, and air conditioning company posted better-than-expected results for the first quarter and raised its full-year profit outlook.
The Palm Beach Gardens-based company reported earnings per share (EPS), adjusted, of 65 cents. Sales fell 4% over the past year to $5.22 Billion. Visible Alpha polled and followed Carrier’s analysts who were expecting 58 cents on sales of $5.22 billion.
Carrier has raised its outlook for full-year adjusted earnings per share to a range between $3 and $3.10, up from $2.95 to $3.05. Carrier also expects sales to reach $23 billion in 2025, up from $22.5 billion to 22.5 billion previously.
The shares rose more than 11% on Thursday afternoon, to just over $69, putting them in positive territory for the year 2025.
