Otis Worldwide Lowers FY2026 Adj EPS Guidance from $4.20-$4.24 to $4.01-$4.05 vs $4.18 Est; Affirms FY2026 Sales Guidance of $15.100B-$15.300B vs $15.126B Est
Otis Worldwide (NYSE:OTIS) lowers FY2026 Adj EPS guidance from $4.20-$4.24 to $4.01-$4.05 vs $4.18 analyst estimate. Affirms FY2026 sales outlook from $15.100 billion-$15.300 billion to $15.100 billion-$15.300 billion
Otis (an elevator and escalator company) said it will make less profit per share next year than it thought before, but it still expects to sell about the same amount of stuff. When a company cuts profit expectations while keeping sales steady, it usually means costs are going up or something got harder.
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