Xylem: 2Q Earnings Snapshot
RYE BROOK, N.Y. (AP) _ Xylem Inc. (XYL) on Tuesday reported second-quarter earnings of $115 million.
On a per-share basis, the Rye Brook, New York-based company said it had net income of 64 cents. Earnings, adjusted for non-recurring costs, were 73 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
The water and wastewater treatment company posted revenue of $1.32 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $1.27 billion.
Xylem expects full-year earnings in the range of $2.85 to $2.95 per share.
Xylem shares have risen roughly 3 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed almost 5 percent. The stock has climbed 23 percent in the last 12 months.