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MarketBeat
MarketBeat
Chris Markoch

Otis Took Another Guidance Cut—But the Story Isn't Over

Otis Otis Worldwide

Otis Worldwide (NYSE: OTIS) just gave income investors a gift wrapped in a sell-off. Shares dropped by more than 2% the day the elevator giant reported Q2 2026 earnings.

The company met expectations with adjusted earnings per share (EPS) of $1.01. Then, management trimmed its profit outlook for the second consecutive quarter.

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