FARMINGTON, Conn. — FARMINGTON, Conn. — Otis Worldwide Corporation (OTIS) on Wednesday reported second-quarter profit of $415 million.
The Farmington, Connecticut-based company said it had profit of $1.02 per share. Earnings, adjusted for non-recurring costs, were $1.06 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The company posted revenue of $3.6 billion in the period.
Otis Worldwide expects full-year earnings in the range of $3.85 to $3.90 per share, with revenue in the range of $14.3 billion to $14.5 billion.
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