Otis rises after Q3 profit beats estimates

Otis Worldwide

29/10/2025 13:36

** Shares of elevator-maker Otis Worldwide OTIS.N rise nearly 2.6% to about $93.7 in early trading

** Co posts Q3 adj EPS of $1.05, beating Wall Street estimates of $1, driven by lower taxes, reduced share count and favorable foreign exchange moves

** OTIS posts Q3 net sales of $3.69 bln, beating analysts' estimates of $3.65 bln, on strong modernization orders which supported growth in its services segment

** Co's service net sales up 9% and moderation orders grew 27% for the quarter

** Co lifts mid-point of 2025 adj EPS outlook to $4.04–$4.08, up 5%–7%, driven by strong order book for modernization and recovery in new equipment

** Including session's move, OTIS up 1.2% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))