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The Latest Breaking News from Otis

1 Industrial Stock to Buy Now for an Elevator Ride to the Top

The existing global base of elevators is reaching the age where it needs to be modernized. That is great news for Otis, which has the largest installed base in the world. The growth is already happening, with modernization orders up 23% in 2023. Much more is to come.

Barchart

What to Expect From Otis Worldwide's Q3 2024 Earnings Report

Otis Worldwide is all set to release its third-quarter earnings this month, and analysts expect a single-digit profit increase.

Barchart

Otis Worldwide Stock: Is OTIS Underperforming the Industrial Sector?

Otis Worldwide underperformed the industrial sector recently, but Wall Street analysts remain moderately optimistic about the stock’s prospects.

Barchart

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Otis Worldwide Stock: Analyst Estimates & Ratings

Despite Otis Worldwide underperforming the broader market over the past year, analysts remain moderately bullish on the stock’s prospects.

Barchart

Here's What to Expect From Otis Worldwide’s Next Earnings Report

Otis Worldwide is expected to release its fiscal second-quarter earnings this month, and analysts project a double-digit profit increase.

Barchart

Is Otis Worldwide Stock Underperforming the Dow?

Otis Worldwide has recently lagged the Dow Jones Industrial Average, but analysts are optimistic about the stock’s prospects.

Barchart

Otis Worldwide Q2 Sales Beat Estimates, Raises Guidance

Elevator manufacturer reports 6.7% YoY sales growth, plans $150M cost savings with UpLift program.

Zenger

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Six of Morningstar's Favorite Industrial Stocks

Industrial stocks outperformed the broader market in 2022, but have lagged this year, creating buying possibilities.

The Street

3 Industrial Stocks You Should Start Watching

The industrial sector will likely grow as a result of strong demand and advancements in technology. Therefore, fundamentally strong industrial stocks Otis Worldwide (OTIS), Dover (DOV), and Graco (GGG) could be worth adding to your watchlist. Read on.

StockNews.com

3 grads share how Snap CEO Evan Spiegel's loan forgiveness changed their lives

Spiegel and wife Miranda Kerr gave Otis College of Art and Design its biggest gift ever. The students who benefitted are still wrapping their minds around it.

Fortune

Elevators of the future to employ AI and facial recognition

Elevator makers are experimenting with facial recognition and horizontal shafts.

Axios

11 recession-resistant stocks to buy for 2023

Loyal customers and inflation-proof pricing power will help these companies pay off for investors even in a tough economy.

Fortune

GE Makes Leadership Changes In Aviation Unit: All You Need To Know

General Electric Co (NYSE:GE) has named its current Chairman and CEO H. Lawrence Culp, Jr., to take up the additional role of CEO of GE Aviation, effective immediately. GE Aviation's current President and CEO, John Slattery, has been named Executive Vice President and Chief Commercial Officer of the business. GE named Russell…

Benzinga

Otis Names Anurag Maheshwari As Finance Chief

Otis Worldwide Corp (NYSE:OTIS) has appointed Anurag Maheshwari as Executive Vice President & Chief Financial Officer, effective August 12, 2022. Maheshwari will succeed Rahul Ghai, who has accepted a position outside Otis. Most recently, Maheshwari served as Vice President, Finance, IT, and Chief Transformation Officer in the Otis Asia Pacific region. Before joining…

Benzinga

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Los Angeles Times

Snapchat co-founder pays off college debt of new graduates at LA art and design school

Yaritza Velazquez-Medina took a chance on a major career turn when she decided to drop her work as a crisis counselor in 2018 to pursue her artistic passions. She enrolled at Otis College of Art and Design in Los Angeles to become a graphic designer — even though she wracked…

Benzinga

Otis Worldwide Shares Gain Post Q1 Results

Otis Worldwide Corp (NYSE:OTIS) reported first-quarter FY22 sales growth of 0.2% year-over-year to $3.414 billion, +3.1% on an organic basis, missing the consensus of $3.43 billion. New Equipment sales of $1.42 billion (-2.5% Y/Y), -0.5% organic. New Equipment orders were up 8.8% at constant currency, with growth in all regions. Backlog increased…

Benzinga

Otis Worldwide's Earnings Outlook

Otis Worldwide (NYSE:OTIS) is set to give its latest quarterly earnings report on Monday, 2022-04-25. Here's what investors need to know before the announcement. Analysts estimate that Otis Worldwide will report an earnings per share (EPS) of $0.74.

Benzinga

Public Acquires Otis To Bring Fractional NFT Ownership To Users: What You Need To Know

An investing platform offering stocks, funds and crypto is adding fractional investing and non-fungible tokens access to users with an acquisition announced Wednesday.

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Benzinga

Otis Worldwide Stock Gains Post Q4 Results, Provides FY22 Guidance

Otis Worldwide Corp (NYSE:OTIS) reported fourth-quarter FY21 sales growth of 2.2% year-over-year to $3.569 billion, +2.8% on an organic basis, missing the consensus of $3.58 billion. New Equipment sales of $1.56 billion (+2% Y/Y), +1.2% organic. Organic sales were 11.9% in Asia, partially offset by a decline of 9.5% and 6.3% in the…

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