Otis Worldwide Q2 2024 Adj EPS $1.06 Beats $1.03 Estimate, Sales $3.601B Miss $3.727B Estimate
Portfolio Pulse from Benzinga Newsdesk
Otis Worldwide (NYSE:OTIS) reported Q2 2024 adjusted EPS of $1.06, beating the estimate of $1.03, but sales of $3.601 billion missed the $3.727 billion estimate. EPS increased by 15.22% year-over-year, while sales decreased by 3.20%.
July 24, 2024 | 10:07 am
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Otis Worldwide reported Q2 2024 adjusted EPS of $1.06, beating the estimate of $1.03, but sales of $3.601 billion missed the $3.727 billion estimate. EPS increased by 15.22% year-over-year, while sales decreased by 3.20%.
The beat on EPS is a positive indicator, showing improved profitability, but the miss on sales and the year-over-year decline in revenue could offset this positive sentiment. Investors may have mixed reactions, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100