FARMINGTON, Conn. (AP) _ Otis Worldwide Corporation (OTIS) on Wednesday reported fourth-quarter net income of $297 million.

On a per-share basis, the Farmington, Connecticut-based company said it had profit of 71 cents. Earnings, adjusted for one-time gains and costs, were 75 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The company posted revenue of $3.44 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $3.31 billion.

For the year, the company reported profit of $1.25 billion, or $2.96 per share. Revenue was reported as $13.69 billion.

Otis Worldwide expects full-year earnings in the range of $3.35 to $3.50 per share, with revenue in the range of $13.8 billion to $14.1 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OTIS at https://www.zacks.com/ap/OTIS

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