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Investing.com -- Otis Worldwide Corporation (NYSE:OTIS), a leading elevator and escalator manufacturer, reported first quarter earnings on Wednesday that slightly exceeded analyst expectations while narrowly missing revenue estimates.
The company also raised its full-year sales forecast.
Otis posted adjusted earnings per share of $0.92 for the first quarter, beating the analyst consensus of $0.91 by $0.01.
Revenue came in at $3.35 billion, just shy of the $3.36 billion analysts had projected.
Looking ahead, Otis raised its fiscal year 2025 revenue guidance to a range of $14.6 billion to $14.8 billion, up from its previous forecast and above the analyst consensus of $14.52 billion.
The company maintained its full-year earnings per share outlook of $4.00 to $4.10, which aligns with the analyst estimate of $4.07.
Otis Worldwide, known for its elevator and escalator products and services, continues to navigate global economic conditions while focusing on growth opportunities in its core markets.
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