Carrier reports first quarter 2020 earnings

Carrier reports first quarter 2020 earnings.q1 sales $3.9 billion.q1 adjusted earnings per share $0.35.q1 gaap earnings per share $0.11.identified $425 million in full-year cost reductions.taking aggressive cost actions, identifying $425 million of savings.cost actions include 40-50% reduction in planned capital spending.given uncertainty, co considered assumptions & most reasonable scenarios fall into ranges of sales of $15 billion- $17 billion for 2020.carrier global - given uncertainty, co considered assumptions & reasonable scenarios fall into ranges of adjusted operating profit of $1.7 - $2.0 billion for fy.
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