Beats Otis Estimates as Elevator Service Growth Offsets China Weakness

Otis Worldwide (OTIS) reported better-than-expected third-quarter earnings and revenue Wednesday as strong demand for elevator maintenance and modernization services helped offset continued weakness in China's construction market. Revenue rose 6% from a year earlier to $3.

Otis Worldwide (OTIS) reported better-than-expected third-quarter earnings and revenue Wednesday as strong demand for elevator maintenance and modernization services helped offset continued weakness in China’s construction market.

Revenue rose 6% from a year earlier to $3.91 billion, exceeding the Wall Street consensus estimate

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