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

By Reuters News

** 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

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk