07:11 AM EDT, 10/30/2024 (MT Newswires) -- Otis Worldwide ( OTIS ) reported Q3 adjusted earnings Wednesday of $0.96 per share, up from $0.95 a year earlier.

Analysts polled by Capital IQ expected $0.97.

Net sales for the quarter ended Sept. 30 were $3.55 billion, up from $3.52 billion a year earlier.

Analysts polled by Capital IQ expected $3.57 billion.

For 2024, the company said it now expects adjusted EPS of about $3.85, compared with the prior outlook of $3.85 to $3.90. Analysts polled by Capital IQ expect $3.87.

Net sales for the year are now projected to be about $14.2 billion, compared with the prior outlook of $14.30 billion to $14.50 billion. Analysts surveyed by Capital IQ expect $14.36 billion.

Shares of the company fell more than 5% in recent premarket activity Wednesday.

Price: 96.13, Change: -5.24, Percent Change: -5.17