Otis' 4Q Misses Across the Board -- Market Talk

Dow Jones01-28

10:23 ET--Otis' 4Q report was "a miss across the board," JPMorgan analysts say in a research note. The maker of elevators and escalators notches lower-than-expected profit and sales, as new-equipment orders remain sluggish. And while modernization services continue to boom, new figures show a slight slowdown. A slowdown would be worrying, the analysts say, noting modernization trends will likely be a key question of the earnings call. On the bright side, though, the analysts note Otis' backlog is trending in the right direction, and as a result, its weak 2026 outlook could prove to be conservative. Shares fall 4.5%. (connor.hart@wsj.com)

 

(END) Dow Jones Newswires

January 28, 2026 10:23 ET (15:23 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment