Otis Worldwide: Q2 Earnings Snapshot

July 27, 2022 GMT

FARMINGTON, Conn. (AP) _ Otis Worldwide Corporation (OTIS) on Wednesday reported second-quarter profit of $321 million.

On a per-share basis, the Farmington, Connecticut-based company said it had net income of 76 cents. Earnings, adjusted for non-recurring costs, were 86 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The company posted revenue of $3.49 billion in the period.

Otis Worldwide expects full-year earnings in the range of $3.17 to $3.21 per share.


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