Otis Worldwide dips as Q1 net sales misses estimate

Shares of elevator company Otis Worldwide OTIS.K down 7% at $92 in early trading after Q1 results

Reports 2.5% drop in Q1 net sales to $3.30 bln, missing Wall St estimate of $3.37 bln, according to data compiled by LSEG

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

Co posts Q1 adj. EPS of 92 cents vs analysts' estimate of 91 cents

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

Raises quarterly dividend by 8% to 42 cents per share

As of last close, OTIS up 6.9% YTD