Why Carrier Global Stock Is Heading Higher Today

Profitability improvements help push earnings higher in the quarter.Climate control specialist Carrier Global (CARR 8.05%) reported hotter-than-expected earnings in the quarter. Carrier shares were up 8% as of 2:30 p.m. ET after the company showed clear progress in its campaign to improve profitability.Earnings up in a tough sales environmentCarrier earned $0.62 per share in the quarter, beating Wall Street's consensus estimate by$0.11, despite revenue that at $6.18 billion was about$100 million short of ...