Carrier Global (CARR) Reports Q4 Loss After Adjustments, Misses Earnings and Revenue Forecasts

Carrier Global Corporation (CARR) reported fourth-quarter net income of $53 million, or 6 cents per share, after adjustments for one-time items, missing the 34 cents per share estimate and $5.04 billion revenue forecast. Revenue for the quarter totaled $4.84 billion. For the full year, the company posted profit of $1.48 billion, or $1.72 per share, and revenue of $21.75 billion. Management expects full-year earnings to reach $2.80 per share and revenue of $22 billion.