Otis Worldwide: Q1 Earnings Snapshot
By AP News
Published - Apr 24, 2024, 06:12 AM ET
Last Updated - May 27, 2024, 01:08 AM EDT
FARMINGTON, Conn. (AP) — FARMINGTON, Conn. (AP) — Otis Worldwide Corporation (OTIS) on Wednesday reported first-quarter net income of $353 million.
On a per-share basis, the Farmington, Connecticut-based company said it had net income of 86 cents. Earnings, adjusted for one-time gains and costs, were 88 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.
The company posted revenue of $3.44 billion in the period.
