Otis Worldwide Q4 Adj. EPS $0.87 Beats $0.86 Estimate, Sales $3.62B Beat $3.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
Otis Worldwide (NYSE:OTIS) reported Q4 adjusted EPS of $0.87, surpassing the consensus estimate of $0.86, representing a 1.16% beat and a 16% increase from the previous year. Sales reached $3.62B, exceeding estimates of $3.57B by 1.40% and marking a 5.26% increase from the same period last year.
January 31, 2024 | 11:05 am
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POSITIVE IMPACT
Otis Worldwide reported higher-than-expected Q4 earnings and sales, indicating strong financial performance and potential investor confidence.
Beating both EPS and sales estimates typically generates positive investor sentiment, which can lead to a short-term increase in stock price. The reported growth from the previous year further strengthens the case for a positive impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100