OTIS Q2 Earnings Beat, Net Sales Miss, '24 Outlook Revised
Otis Worldwide (OTIS) ZACKS·2024-07-25 01:50
Otis Worldwide Corporation (OTIS) reported mixed results in the second quarter of 2024. Its adjusted earnings topped the Zacks Consensus Estimate and grew year over year. The company reported better-than-expected earnings in the trailing seven quarters.However, quarterly net sales missed the consensus mark and declined on a year-over-year basis.After consistent organic sales growth for the last 14 quarters, the company’s organic sales declined in the quarter. The downtrend was mainly driven by the organic s ...