Citation :
On a per-share basis, the Farmington, Connecticut-based company said it had profit of 76 cents. Earnings, adjusted for non-recurring costs, came to 79 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
The company posted revenue of $3.7 billion in the period.
Otis Worldwide expects full-year earnings in the range of $2.89 to $2.93 per share, with revenue in the range of $14.1 billion to $14.2 billion.
Otis Worldwide shares have climbed 31% since the beginning of the year. The stock has climbed 52% in the last 12 months.
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