Otis Worldwide Clocks 7% Sales Growth In Q2, Raises 2023 Outlook
Portfolio Pulse from Akanksha Bakshi
Otis Worldwide Corp reported Q2 2023 sales growth of 6.7% YoY to $3.72 billion, beating the consensus of $3.58 billion. Adjusted EPS improved to $0.92, beating the consensus of $0.86. The company raised its FY23 outlook and launched its UpLift program to improve its operating model. However, OTIS shares are trading lower by 0.08% at $87.50 premarket on Wednesday.
July 26, 2023 | 1:21 pm
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Otis Worldwide Corp reported strong Q2 2023 results and raised its FY23 outlook. Despite this, OTIS shares are trading lower premarket.
Despite reporting strong Q2 results and raising its FY23 outlook, which are typically positive signals for a company's stock, OTIS shares are trading lower premarket. This could be due to a variety of factors not mentioned in the article, such as broader market trends or investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100