Otis Worldwide Corp (OTIS) PT Raised to $70 at Cowen

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Go back to Otis Worldwide Corp (OTIS) PT Raised to $70 at Cowen

Otis Reports Second Quarter 2020 Results

July 28, 2020 6:00 AM EDT

FARMINGTON, Conn., July 28, 2020 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) reported second quarter 2020 net sales of $3.0 billion, a decrease of 6.5% organically versus the prior year. Second quarter GAAP and adjusted diluted earnings per share (EPS) decreased 26.8% to $0.52 and 5.1% to $0.56, respectively.

"Otis' second quarter results, considering COVID-19 related challenges, demonstrated the resiliency of our business, the strength of our strategy, and our ability to contain costs.... More