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0.0028019380071217 -0.000175121125445106 -0.00169283754596925 0.000525363376335319 0.00431965442764584 0.0244585838538322 0.0246920786877591 0.0288366119899597
Stock impact report

CEO hot takes: Elevator manufacturer on robots, AI data centers, and an economic boom [Yahoo! Finance]

Otis Worldwide Corporation (OTIS) 
Company Research Source: Yahoo! Finance
At this intersection is where we find elevator giant Otis Worldwide ( OTIS ), founded in 1853. The company reported on Wednesday that fourth quarter sales and earnings per share rose 3% and 11% year over year, respectively. Earnings per share came in line with analyst forecasts. Consistent to recent quarters, Otis' business was powered by its higher margin services segment — think building owners calling up to service their elevators. Sales for this division increased 8% year over year, while operating margins expanded to 25.5% from 24.5%. Shares of Otis fell 4% in morning trading, however. A few potential reasons why: ? Sales and operating margins fell in the new equipment business. ? 2026 sales guidance: $15 billion to $15.3 billion, compared to analyst average estimate of $15.26 billion. ? 2026 EPS guidance: up mid to high-single digit percentage. Analyst average estimate At the helm of Otis since its spin-off from United Technologies in 2020 is Judy Marks. The long- Show less Read more
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