Why did CARR's Q4 earnings fall short of forecasts?

Carrier Global's (CARR) Q4 earnings fell short of forecasts due to several factors:

1. **Revenue Miss**: The company's revenue for the quarter was $5.15 billion, which missed Wall Street's expectations of $5.26 billion. This was a 19.3% year-over-year growth, but the 2.2% miss on estimates was significant enough to impact overall performance.
2. **Organic Growth Challenges**: While Carrier Global saw 6% organic growth, this was primarily driven by the HVAC segment, which saw an 11% increase in organic sales. However, the refrigeration segment faced a 6% decline in organic sales, mainly due to lower sales in the North American truck and trailer market. This decline in organic growth, particularly in the refrigeration segment, contributed to the revenue shortfall.
3. **Acquisitions and Divestitures**: Although acquisitions contributed 13% to the net sales growth, the divestiture of the fire and security and commercial refrigeration businesses may have created a transitional impact on revenue recognition.

In summary, Carrier Global's Q4 earnings fell short of forecasts due to a combination of missing revenue expectations, challenges in organic growth, particularly in the refrigeration segment, and the impact of strategic divestitures.