Otis Worldwide Corporation (NYSE:OTIS) is a specialty industrial equipment company that has seen its shares drop 3% year-to-date, with a major 12.3% decline in July. The firm’s second-quarter earnings fell short, with a $3.61 billion revenue missing analyst estimates of $3.71 billion, and a 20% drop in China sales for its New Equipment business.

Jim Cramer recently discussed Otis Worldwide Corporation (NYSE:OTIS) and its strong business despite challenges. In 2024, Cramer had noted the company’s potential to overcome Chinese weakness through repair and refurbishment markets. While OTIS presents investment opportunities, some believe other AI stocks offer greater returns with limited downside risk.

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Read more at Yahoo Finance.: Otis Worldwide Corporation (OTIS) Has A Lot Of China Revenue, Says Jim Cramer