Otis Worldwide dips as Q1 net sales misses estimates

Otis Worldwide

23/04/2025 14:19

April 23 - ** Shares of elevator company Otis Worldwide OTIS.K down 2.5% at $96.51 before the bell after Q1 results

** Co posts Q1 adj. EPS of 92 cents vs analysts' estimates of 91 cents, according to data compiled by LSEG

** OTIS reports 2.5% drop in Q1 net sales to $3.30 bln, missing Wall St estimates of $3.37 bln

** Co raises FY25 revenue forecast to between $14.6 bln and $14.8 bln from $14.1 bln-$14.4 bln

** The Connecticut-based company expects tariff impact of $45 mln-$75 mln on operating profit

** Raises quarterly dividend by 8% to 42 cents per share

** As of last close, OTIS up 6.9% YTD

 (Reporting by Twesha Dikshit)

 ((Twesha.Dikshit@thomsonreuters.com))