Recap: Otis Worldwide Q3 Earnings

Otis Worldwide (NYSE:OTIS) reported its Q3 earnings results on Wednesday, October 26, 2022 at 06:00 AM.

Here's what investors need to know about the announcement.

Otis Worldwide beat estimated earnings by 2.56%, reporting an EPS of $0.8 versus an estimate of $0.78.

Revenue was down $276.00 million from the same period last year.

Last quarter the company beat on EPS by $0.08 which was followed by a 0.54% increase in the share price the next day.

Here's a look at Otis Worldwide's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.78	0.74	0.68	0.73
EPS Actual	0.86	0.77	0.72	0.77
Revenue Estimate	3.60B	3.43B	3.58B	3.54B
Revenue Actual	3.49B	3.41B	3.57B	3.62B

To track all earnings releases for Otis Worldwide visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.