What Happened?

Shares of heating, ventilation, air conditioning, and refrigeration company Carrier Global (NYSE:CARR) fell 12.1% in the morning session after the company reported weak third-quarter results, with revenue and EPS falling below analysts' expectations. Moving on, it lowered its full-year revenue and EPS guidance. The revised guidance also reflects the decision to discontinue operations in the Fire & Security segment. Overall, this was a softer quarter.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Carrier Global? Access our full analysis report here, it’s free.

What The Market Is Telling Us

Carrier Global’s shares are not very volatile and have only had 2 moves greater than 5% over the last year. Moves this big are rare for Carrier Global and indicate this news significantly impacted the market’s perception of the business.

Carrier Global is up 30.9% since the beginning of the year, but at $73.85 per share, it is still trading 10.7% below its 52-week high of $82.67 from October 2024. Investors who bought $1,000 worth of Carrier Global’s shares at the IPO in March 2020 would now be looking at an investment worth $6,157.

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