Otis Worldwide Corp Q3 Profit Increases, But Misses Estimates

Oct 30, 2024 · (RTTNews) - Otis Worldwide Corp (OTIS) revealed a profit for its third quarter that increased from last year but missed the Street estimates. The company's earnings totaled …

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OTIS REPORTS THIRD QUARTER 2024 RESULTS

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Oct 30, 2024 · Otis Worldwide Corporation (NYSE:OTIS) reported third quarter 2024 net sales of $3.5 billion with organic sales up 1.2%. GAAP earnings per share (EPS) increased 47.3% to …

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Otis Worldwide (OTIS) Misses Q3 Earnings And Revenue Estimates

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Oct 30, 2024 · Otis Worldwide (OTIS) delivered earnings and revenue surprises of -1.03% and 1.25%, respectively, for the quarter ended September 2024. Do the numbers hold clues to …

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OTIS - OTIS REPORTS THIRD QUARTER 2023 RESULTS - Otis …

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FARMINGTON, Conn., Oct. 25, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported third quarter 2023 net sales of $3.5 billion with 5.2% organic growth. GAAP diluted …

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Otis Worldwide's Q3 Earnings & Sales Miss Estimates, '24 View Down

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Oct 30, 2024 · Otis had cash and cash equivalents of $827 million as of Sept. 30, 2024, down from $1.27 billion reported in 2023-end. Long-term debt was $5.6 billion as of the third-quarter …

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Otis Worldwide (OTIS) Misses Q3 Earnings And Revenue Estimates

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Otis Worldwide (OTIS) came out with quarterly earnings of $0.96 per share, missing the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.95 per share a year …

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Earnings Call: Otis Reports Growth And Challenges In Q3 2024

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Oct 30, 2024 · The decline in New Equipment orders and revenue in China has been a significant miss for Otis, with a projected revenue decline of $500 million year-to-date. ... Otis Worldwide …

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Otis Worldwide Corp Q3 Profit Beats Estimates - Rttnews.com

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Oct 26, 2022 · Otis Worldwide Corp (OTIS) reported earnings for third quarter that beat the Street estimates. The company's earnings came in at $324 million, or $0.77 per share.

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Compared To Estimates, Otis Worldwide (OTIS) Q3 Earnings: A …

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Oct 30, 2024 · Otis Worldwide (OTIS) reported $3.55 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 0.7%. EPS of $0.96 for the same …

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What To Expect From Otis Worldwide's Next Quarterly Earnings …

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Jan 8, 2025 · Shares of Otis Worldwide Corporation dipped 3.1% on Oct. 30 due to disappointing Q3 2024 results. The company reported weaker-than-expected adjusted earnings of $0.96 per …

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Compared To Estimates, Otis Worldwide (OTIS) Q3 Earnings: A …

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Oct 30, 2024 · Otis Worldwide (OTIS Quick Quote OTIS - Free Report) reported $3.55 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of …

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OTIS REPORTS THIRD QUARTER 2024 RESULTS - Morningstar

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Oct 30, 2024 · Third quarter net sales of $3.5 billion increased 0.7% versus the prior year, driven by Service.. Third quarter GAAP operating profit of $363 million decreased $208 million driven …

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Otis Worldwide Corp (OTIS) Q3 2024 Earnings Call Highlights: …

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Oct 31, 2024 · Adjusted Operating Profit Margin: Expanded by 60 basis points year-to-date. Adjusted EPS Growth: 8.2% year-to-date, with Q3 growth of approximately 1%. Adjusted Free …

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Otis Gears Up To Report Q3 Earnings: Key Factors To Consider

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Oct 28, 2024 · Otis Worldwide Corporation OTIS is scheduled to report third-quarter 2024 ... OTIS’ earnings beat the Zacks Consensus Estimate by 2.9% and rose 15.2% ... Key Factors …

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Otis Worldwide Corp (OTIS) Announces $2 Billion Share

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1 day ago · Otis Worldwide Corp (OTIS, Financial), a global leader in elevator and escalator manufacturing, announced on January 16, 2025, that its Board of Directors has authorized a …

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Unlocking Q3 Potential Of Otis Worldwide (OTIS): Exploring

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Oct 28, 2024 · Wall Street analysts forecast that Otis Worldwide (OTIS) will report quarterly earnings of $0.97 per share in its upcoming release, pointing to a year-over-year increase of …

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FAQs about Otis Worldwide Corp Q3 Profit Increases, But Misses Estimates Coupon?

How did Otis perform in 3rd quarter 2024?

SOURCE Otis Worldwide Corporation Otis Worldwide Corporation (NYSE:OTIS) reported third quarter 2024 net sales of $3.5 billion with organic sales up 1.2%. GAAP earnings per share (EPS) increased 47.3% to $1.34 and adjusted EPS increased 1.1% to $0.96. ...

How did Otis worldwide perform in the just reported quarter?

Here is how Otis Worldwide performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Sales- Service: $2.24 billion compared to the $2.21 billion average estimate based on three analysts. The reported number represents a change of +7.2% year over year. ...

What is the consensus EPS estimate for Otis worldwide (Otis)?

The current consensus EPS estimate is $0.98 on $3.77 billion in revenues for the coming quarter and $3.88 on $14.4 billion in revenues for the current fiscal year. Otis Worldwide (OTIS) delivered earnings and revenue surprises of -1.03% and 1.25%, respectively, for the quarter ended September 2024. ...

How does Otis report its financial results?

Otis Worldwide Corporation ("Otis") reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). We supplement the reporting of our financial information determined under GAAP with certain non-GAAP financial information. ...

How did Otis perform in Q3 cy2024?

Otis’s annualized revenue growth of 2% over the last two years aligns with its five-year trend, suggesting its demand was consistently weak. Elevator manufacturer Otis (NYSE:OTIS) met Wall Street’s revenue expectations in Q3 CY2024, but sales were flat year on year at $3.55 billion. ...

Did Otis incur interest costs?

1 Otis incurred interest costs associated with financing the Zardoya Otis Tender Offer. Net interest expense for the nine months ended September 30, 2022 is reflected as adjusted without those costs. Delivers organic sales and margin growth. Achieves high-teens adjusted EPS growth driven by continued Service momentum. ...