Otis Worldwide dips as Q1 net sales misses estimates

April 23 - Shares of elevator company Otis Worldwide OTIS.K down 2.5% at $96.51 before the bell after Q1 results

Co posts Q1 adj. EPS of 92 cents vs analysts' estimates of 91 cents, according to data compiled by LSEG

OTIS reports 2.5% drop in Q1 net sales to $3.30 bln, missing Wall St estimates of $3.37 bln

Co raises FY25 revenue forecast to between $14.6 bln and $14.8 bln from $14.1 bln-$14.4 bln

The Connecticut-based company expects tariff impact of $45 mln-$75 mln on operating profit

Raises quarterly dividend by 8% to 42 cents per share

As of last close, OTIS up 6.9% YTD