|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||34.39 - 34.55|
|52 Week Range||33.90 - 44.41|
|Beta (5Y Monthly)||0.55|
|PE Ratio (TTM)||30.21|
|Forward Dividend & Yield||1.34 (3.93%)|
|Ex-Dividend Date||Mar 03, 2021|
|1y Target Est||N/A|
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HELSINKI (Reuters) -Elevator and escalator maker Kone beat quarterly operating profit forecasts on Wednesday, helped by strong growth in North America and China, but warned of higher costs over the full year due mainly to the global semiconductor shortage. The Finnish company said it would likely have to rise prices to offset the higher costs, and lowered the top end of its adjusted operating profit margin guidance for 2021 to 12.4-13.0% of sales from 12.4-13.2% previously. Chief Executive Henrik Ehrnrooth highlighted in a press conference growth in Kone's maintenance business, as well as in North America and China.
Judy Marks, President and CEO at Otis Worldwide Corp., joins Yahoo Finance Live to discuss the company's quarterly earnings and break down the future of elevators and escalators.