Levi & Korsinsky notifies investors that it has commenced an investigation into Otis Worldwide Corporation (NYSE: OTIS) concerning potential violations of the federal securities laws.
On July 23, 2025, Otis reported its second quarter fiscal 2025 earnings, unveiling net sales for the quarter of $3.6 billion that fell below analysts’ expectations for $3.71 billion. Management noted that new-equipment sales declined 10%, worse than the market feared, in the quarter, triggering the company to reduce their annual guidance from $14.6 – $14.8 billion down to $14.5 – $14.6 billion in the second quarter. While the Company largely blamed the setback on challenges in China, in which new equipment sales fell 20% in the quarter, declines were also seen in the Americas and Asia Pacific. Following this news, Otis’ stock price fell by $12.79 per share to open at $88.20 per share.
If you suffered a loss on your Otis Worldwide Corporation securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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