Carrier Global is trading 8.9% down at $63.15 after reporting second-quarter results, as investors focus on margin pressure and lower operating profit despite a top-line beat and raised guidance.
- Sales rose 4% to $6.4 billion, but adjusted EPS fell 7% year-over-year, even as data center cooling orders surged more than 300%.
- Management lifted its 2026 sales outlook to approximately $23 billion and raised full-year guidance, but the stock is reacting negatively to underlying profitability concerns.