BUZZ-Otis slips after co forecasts lower-than-expected 2025 profit

Shares of elevator-maker Otis Worldwide OTIS.N fall 3.1% to $92.90 premarket

Co sees 2025 adjusted profit below estimates

Q4 adjusted profit misses expectations on sustained weakness in demand for new equipment in China

Expects 2025 adjusted EPS between $4.00 and $4.10, missing analysts' estimates of $4.14 per share - LSEG compiled data

FY net sales outlook of $14.1 bln to $14.4 bln also below estimates of $14.6 bln

But co posts Q4 total net sales of $3.68 bln, slightly above analysts' estimates of $3.64 bln

Stock rose 3.5% in 2024