07:28 AM EDT, 04/24/2024 (MT Newswires) -- Otis Worldwide ( OTIS ) reported Q1 adjusted earnings Wednesday of $0.88 per diluted share, up from $0.80 per share a year earlier.

Analysts polled by Capital IQ expected $0.86.

Net sales for the quarter ended March 31 were $3.44 billion, up from $3.35 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.46 billion.

For 2024, the company said it now expects adjusted EPS of $3.83 to $3.90. That compares with its prior guidance of $3.80 to $3.90. Analysts surveyed by Capital IQ expect $3.86.

Net sales for the year are still expected to be in the range of $14.50 billion to $14.80 billion, the company said. Analysts surveyed by Capital IQ expect $14.70 billion.

The company said it expects to repurchase shares worth $1 billion in 2024.

Otis Worldwide ( OTIS ) shares were up 0.5% in recent Wednesday premarket activity.

Price: 98.00, Change: +0.53, Percent Change: +0.54