FARMINGTON, Conn. (AP) — FARMINGTON, Conn. (AP) — Otis Worldwide Corporation (OTIS) on Wednesday reported second-quarter earnings of $393 million.
The Farmington, Connecticut-based company said it had profit of 99 cents per share. Earnings, adjusted for non-recurring costs, came to $1.05 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The company posted revenue of $3.6 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $3.68 billion.
Otis Worldwide expects full-year earnings in the range of $4 to $4.10 per share, with revenue in the range of $14.5 billion to $14.6 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OTIS at https://www.zacks.com/ap/OTIS
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