Carrier Global Shares Drop 8.9% Despite Earnings Beat and Upgraded Outlook

1. 1Carrier Global (CARR) saw its stock price fall 8.9% on July 28 after releasing second-quarter results and raising its full-year outlook.
2. 2EPS came in at $0.86, beating the $0.83 estimate but down 6.5% from $0.92 a year earlier.
3. 3The market discounted the modest upside as it reflected the narrower profit and the increased reliance on the second half of the year in the upgraded guidance.

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