Otis Worldwide Corp (NYSE: OTIS) saw its stock plummet 9.73% in pre-market trading on Wednesday following the release of its second-quarter 2025 financial results. The elevator and escalator manufacturer reported mixed results, with earnings slightly beating expectations but revenue falling short of estimates.

For Q2 2025, Otis reported net sales of $3.6 billion, missing the analyst consensus estimate of $3.71 billion by 2.99%. This represents a marginal decrease of 0.17% compared to the same period last year. The company's GAAP earnings per share (EPS) decreased by 3% to $0.99, while adjusted EPS fell by 1% to $1.05, narrowly beating the analyst estimate of $1.02.

Despite reaffirming its full-year 2025 adjusted EPS guidance range of $4.00 to $4.10, Otis lowered its revenue outlook. The company now expects full-year 2025 net sales in the range of $14.5 billion to $14.6 billion, down from previous estimates and below the FactSet consensus of $14.73 billion. This reduction in sales guidance, coupled with the Q2 revenue miss, appears to be the primary driver behind the sharp pre-market decline. Investors seem concerned about the company's growth prospects, particularly in light of the challenging global economic environment and its impact on the construction and real estate sectors.