Carrier Global (CARR) has reported strong Q2 results on the back of higher volume and productivity witnessed during the quarter. Following the news, shares of the global provider of HVAC, refrigeration, fire, security and building automation technologies rallied 4.5% on Thursday. The company reported adjusted earnings of $0.64 per share for the quarter, above the consensus estimate of $0.54 per share. Also, bottom line compares favorably with $0.33 per share reported last year. Revenues stood at $5.4 billion, up 37% from the same quarter last year. Also, the figure surpassed the Street’s expectations of $4.9 billion. Notably, this growth was driven by a 40% rise in product sales.
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Carrier Global (NYSE:CARR)
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