Otis Worldwide shares are trading lower after the company reported mixed Q2 financial results and cut its FY24 sales guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Otis Worldwide shares are trading lower after the company reported mixed Q2 financial results and cut its FY24 sales guidance below estimates.
July 24, 2024 | 11:42 am
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NEGATIVE IMPACT
Otis Worldwide shares are trading lower due to mixed Q2 financial results and a reduction in FY24 sales guidance below estimates.
The mixed Q2 financial results and the reduction in FY24 sales guidance below estimates are likely to negatively impact investor sentiment and lead to a short-term decline in Otis Worldwide's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100