Otis Worldwide Q1 2024 Adj EPS $0.88 Beats $0.87 Estimate, Sales $3.437B Miss $3.455B Estimate
Portfolio Pulse from Benzinga Newsdesk
Otis Worldwide (OTIS) reported Q1 2024 adjusted EPS of $0.88, surpassing the $0.87 estimate, marking a 10% increase from the previous year. However, sales of $3.437B fell short of the $3.455B estimate, though they were up 2.72% year-over-year.
April 24, 2024 | 10:07 am
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Otis Worldwide reported a Q1 2024 adjusted EPS of $0.88, beating estimates, with a 10% YOY increase. Sales were $3.437B, slightly missing estimates but showing a 2.72% YOY growth.
The positive earnings beat suggests operational efficiency and profitability, which could bolster investor confidence. However, the slight miss in sales forecasts may temper enthusiasm, leading to a neutral short-term impact on OTIS stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100