Otis gains after Q3 profit, sales beat; full-year profit forecast maintained

Otis Worldwide

28/10/2026 13:21

** Shares of elevator maker Otis OTIS.N rise more than 1% to $75 premarket after Q3 results
** Q3 adjusted EPS of $1.05, flat y/y, beats analysts' avg est of $1.03
** Q3 net sales of $3.91 bln, organic sales up 6%, vs est of $3.87 bln
** Service organic sales up 7%, modernization organic sales up 20%
** Co maintains FY26 adj EPS forecast of $4.01-$4.05, below Street est of $4.07
** Adjusted operating profit falls $6 mln y/y as New Equipment declines offset Service gains
** New Equipment China sales fall over 20%
** As of last close, stock has fallen 15% YTD

 (Reporting by Miraanta Lowrance in Bengaluru)
 ((miraanta.lowrance@thomsonreuters.com))