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Benzinga
Benzinga
Business
Adam Eckert

Otis Worldwide Stock Slides On Q2 Earnings As New Equipment Orders Decline

Otis
OtisLas,Vegas,,Nv,-,June,22,,2021:,Otis,Elevator,Repair

Otis Worldwide Corp (NYSE:OTIS) shares are trading lower Wednesday after the company reported financial results for the second quarter. Here’s a rundown of the report.

Q2 Earnings: Otis reported second-quarter revenue of $3.60 billion, missing analyst estimates of $3.71 billion, according to Benzinga Pro. The elevator and escalator supplier reported second-quarter adjusted earnings of $1.05, beating analyst estimates of $1.02.

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