Carrier Global Corp reported its second-quarter earnings, which resulted in a decline in profits. The company’s stock price decreased following the release of the earnings report.

Key Financial Metrics:

• Adjusted earnings per share: $1.43, compared to $1.45 in the same quarter last year
• Revenue: $4.1 billion, up 3% from $3.98 billion in the same quarter last year
• Operating margins: 12.5%, up from 12.2% in the same quarter last year

The company attributed the decline in profits to various factors, but noted improvements in revenue and operating margins. Carrier Global Corp has reaffirmed its full-year outlook, projecting:

• Adjusted earnings per share in the range of $5.30 to $5.60
• Organic sales growth in the mid-single digits

The stock market’s overall performance was affected by the release of the earnings report, with the S&P 500 index experiencing fluctuations throughout the day.