31.10.2023 12:40:12 - dpa-AFX: Xylem Inc. Q3 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Xylem Inc. (XYL) revealed earnings for its third
quarter that increased from the same period last year and beat the Street
estimates.
The company's earnings came in at $152 million, or $0.63 per share. This
compares with $12 million, or $0.07 per share, in last year's third quarter.
Excluding items, Xylem Inc. reported adjusted earnings of $240 million or $0.99
per share for the period.
Analysts on average had expected the company to earn $0.89 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 50.4% to $2.076 billion from $1.380
billion last year.
Xylem Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $152 Mln. vs. $12 Mln. last year.
-EPS (Q3): $0.63 vs. $0.07 last year.
-Analyst Estimate: $0.89
-Revenue (Q3): $2.076 Bln vs. $1.380 Bln last year.
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