Xylem reports third quarter earnings growth and margin expansion
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Xylem (XYL) Reports In-Line Q3 EPS; Lowers FY19 EPS Guidance Below Consensus, FY19 Revenue Outlook Below Consensus
October 31, 2019 6:57 AM EDTXylem (NYSE: XYL) reported Q3 EPS of $0.82, in-line with the analyst estimate of $0.82. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.33 billion.
Third quarter 2019 reported net income was $65 million or $0.36 per share; Adjusted net income for the quarter was $149 million or $0.82 per share, up 10% excluding foreign exchange translationDelivered $1.3 billion in revenue for the third quarter, up 3% organicallyLowers full-year 2019 organic revenue growth guidance range to 3% to 4% and adjusted earnings per share to $3.01 to $3.03Solid demand and... More
