Carrier Global shares are trading 4.5% down at $60.31 following its July 28 earnings report. - The company beat Q2 revenue and EPS estimates, with data center cooling orders surging over 300%, and raised full-year guidance for 2026. - However, investor concerns over declining operating margins and a year-over-year adjusted EPS decline to $0.86 from $0.92 overshadowed the positive results. - The stock's downward pressure reflects investor focus on profit quality and execution risk, despite a strong backlog.