Carrier Global Corporation (CARR) saw a 10.6% decline in stock value after disappointing second-quarter earnings. Net income fell by 75% to $591 million, while total net sales increased by 3% to $6.113 billion.

In the first half of the year, net income dropped by 61% to $1 billion, with total net sales remaining flat at $11.3 billion. Despite this, CARR maintains full-year guidance of $23 billion in sales and adjusted earnings per share growth of 17-21%.

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Read more at Yahoo Finance: Carrier Global (CARR) Declines 10.6% on Earnings Drop