India, April 23 -- Otis Worldwide Corporation (OTIS) shares fell 5.36 percent to $93.65, down $5.30 during Wednesday's trading, after reporting weaker than expected first quarter results. Net income declined to $256 million from $374 million a year ago, while net sales slipped to $3.35 billion from $3.44 billion.
The stock is trading between $90.57 and $97.38 today, compared to a previous close of $98.95 on the New York Stock Exchange. Volume stands at 2.66 million, slightly above the average of 2.54 million.
OTIS is currently trading near the lower end of its 52-week range of $89.70 to $106.83.
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