Carrier Global Corp. (NYSE: CARR) stock was up almost 2% in midday trading on Oct. 29, after the company delivered a solid earnings report that confirmed the sell-off in the stock may be overdone. Revenue of $5.58 billion was slightly higher than the consensus estimate of $5.55 billion.
However, as is usually the case, it was the earnings beat that got investors buying. Carrier reported earnings per share EPS of 67 cents, a 10-cent beat from the 57 cents analysts had forecasted.
