Xylem Inc. Q2 adjusted earnings Beat Estimates

Xylem Inc. (XYL) released earnings for its second quarter that climbed from the same period last year.

The company’s profit totaled $115 million, or $0.64 per share. This compares with $99 million, or $0.55 per share, in last year’s second quarter.

Excluding items, Xylem Inc. reported adjusted earnings of $131 million or $0.73 per share for the period.

Analysts had expected the company to earn $0.71 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 13.8% to $1.32 billion from $1.16 billion last year.

Xylem Inc. earnings at a glance:

-Earnings (Q2): $131 Mln. vs. $106 Mln. last year.
-EPS (Q2): $0.73 vs. $0.59 last year.
-Analysts Estimate: $0.71
-Revenue (Q2): $1.32 Bln vs. $1.16 Bln last year.

-Guidance:
Full year EPS guidance: $2.85 to $2.95
Full year revenue guidance: $5.2 Bln

by RTTNews Staff Writer

Source: Read Full Article