Carrier Global Corporation ($CARR) reported its quarterly earnings with a revenue of $5.15 billion, reflecting a year-over-year increase of 0.90%, but missing estimates by $52 million. The company posted earnings per share (EPS) of $0.54, which is a 1.89% increase from the previous year, exceeding expectations by $0.06. Avis Budget Group ($CAR) also released its fourth quarter results, revealing revenues of $2.71 billion, which fell short of the $2.72 billion estimate. The company experienced a net loss of nearly $2 billion and an adjusted EBITDA loss of $101 million, a stark contrast to the $311 million positive EBITDA reported a year earlier. Despite the disappointing financial results, Avis Budget's CEO noted that travel demand remains strong. Hertz Global Holdings ($HTZ) saw its stock decline by 11% following its earnings report, which included a non-GAAP EPS of -$1.18, missing estimates by $0.46, and revenue of $2.04 billion, which was $90 million below expectations. Hertz reported an adjusted EBITDA loss of $357 million, compared to the estimated loss of $123 million, as the company continues to face challenges with its electric vehicle fleet.