Carrier Global Corporation (CARR) saw its stock tumble 5.59% in pre-market trading on Tuesday, following the release of its fourth-quarter 2024 earnings results and full-year 2025 guidance that fell short of analysts' expectations.
The heating, ventilation, air conditioning, and refrigeration company reported revenue of $5.15 billion for the fourth quarter of 2024, missing Wall Street analysts' estimates of $5.26 billion. While the company's adjusted earnings per share (EPS) of $0.54 beat consensus estimates of $0.48, the disappointing top-line performance weighed heavily on the stock.
Furthermore, Carrier Global's revenue guidance for the full year 2025 came in at a range of $22.50 billion to $23 billion, with the midpoint of $22.75 billion slightly below analysts' expectations of $22.96 billion. This downbeat outlook, implying a slower growth rate of 1.2% compared to 18.8% in fiscal 2024, added to the stock's woes.