Otis Worldwide Corp. posted stronger-than-expected fourth-quarter earnings on Wednesday, despite macro challenges it says are pressuring its business. The...
Otis Worldwide Corp.
posted stronger-than-expected fourth-quarter earnings on Wednesday, despite macro challenges it says are pressuring its business. The elevator and escalator manufacturer posted net income of $297 million, or 71 cents a share, for the quarter, up from $281 million, or 65 cents a share, in the year-earlier period. Adjusted per-share earnings came to 75 cents, ahead of the 73 cent FactSet consensus. Sales fell to $3.439 billion from $3.569 billion, but were also ahead of the $3.
posted stronger-than-expected fourth-quarter earnings on Wednesday, despite macro challenges it says are pressuring its business. The elevator and escalator manufacturer posted net income of $297 million, or 71 cents a share, for the quarter, up from $281 million, or 65 cents a share, in the year-earlier period. Adjusted per-share earnings came to 75 cents, ahead of the 73 cent FactSet consensus. Sales fell to $3.439 billion from $3.569 billion, but were also ahead of the $3.
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