About Otis Worldwide Corporation Common Stock (OTIS)
Otis is a global leader in the elevator and escalator industry, providing innovative mobility solutions that enhance the experience of urban living. The company designs, manufactures, and services a wide range of elevators, escalators, and moving walkways, catering to various sectors such as commercial, residential, and industrial. With an emphasis on safety, reliability, and energy efficiency, Otis utilizes advanced technologies and smart solutions to optimize transportation in buildings, ensuring smooth and efficient movement for millions of people worldwide. Their commitment to sustainability and customer satisfaction drives their operations and strategic initiatives, positioning Otis as a prominent player in the vertical transportation market. Read More
Elevator manufacturer Otis (NYSE:OTIS) met Wall Street’s revenue expectations in Q1 CY2025, but sales fell by 2.5% year on year to $3.35 billion. The company’s full-year revenue guidance of $14.7 billion at the midpoint came in 1.1% above analysts’ estimates. Its non-GAAP profit of $0.92 per share was 1.3% above analysts’ consensus estimates.
Stay informed about the performance of the S&P500 index one hour before the close of the markets on Wednesday. Uncover the top gainers and losers in today's session for valuable insights.
Shares of elevator manufacturer Otis (NYSE:OTIS)
fell 6.2% in the morning session after the company reported underwhelming first-quarter 2025 results. Its organic revenue in the quarter fell short of Wall Street's estimates.
Revenue was just in line but EPS beat. Looking ahead, Otis lifted full-year revenue guidance, and the updated figure slightly beat analysts' expectations. Overall, this was a mixed yet weaker quarter.
Curious about the top performers within the S&P500 index in the middle of the day on Wednesday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
Wondering which stocks are making significant price gaps? Explore the S&P500 index on Wednesday to find the gap up and gap down stocks in today's session.
Risk-on sentiment dominated Wall Street on Wednesday, as upbeat earnings reports and conciliatory messages from the Trump administration helped lift investor confidence.
Otis Worldwide Corporation (NYSE:OTIS) reported lower sales and profits in its first quarter of 2025, missing analyst estimates.OTIS reports lower Q1 2025 sales and profits, missing analyst estimates. Raised net sales guidance for 2025, declares quarterly dividend increase.
Elevator manufacturer Otis (NYSE:OTIS) met Wall Street’s revenue expectations in Q1 CY2025, but sales fell by 2.5% year on year to $3.35 billion. The company’s full-year revenue guidance of $14.7 billion at the midpoint came in 1.2% above analysts’ estimates. Its non-GAAP profit of $0.92 per share was 1.1% above analysts’ consensus estimates.
As the US market prepares to open on Wednesday, let's get an early glimpse into the pre-market session and identify the S&P500 stocks leading the pack in terms of gains and losses.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at general industrial machinery stocks, starting with Otis (NYSE:OTIS).
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the general industrial machinery stocks, including GE Aerospace (NYSE:GE) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how 3M (NYSE:MMM) and the rest of the general industrial machinery stocks fared in Q4.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Illinois Tool Works (NYSE:ITW) and the rest of the general industrial machinery stocks fared in Q4.
Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. But they are at the whim of volatile macroeconomic factors that sway capital spending, like interest rates.
Wariness surrounding these influences has caused the industry to underperform the market as it was flat over the past six months while the S&P 500 climbed by 3.6%.
On an adjusted basis, the company reported a net income of $0.93 per share for the fourth quarter, missing the Wall Street estimate of $0.96 per share, according to FinChat data.
Elevator manufacturer Otis (NYSE:OTIS) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 1.5% year on year to $3.68 billion. On the other hand, the company’s full-year revenue guidance of $14.25 billion at the midpoint came in 2.1% below analysts’ estimates. Its non-GAAP profit of $0.93 per share was 2.8% below analysts’ consensus estimates.
