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Xylem (XYL) Beats on Q2 Earnings and Revenues
Rye Brook, New York-based Xylem Inc. (XYL - Free Report) is a prominent diversified machinery firm, conducting trade in the industrial goods sector. The company manufactures and designs specialized engineered technologies for the wastewater and water purposes. XYL shares high brand value in the market but is also exposed to certain risks of external market uncertainties. For the last four trailing quarters Xylem has a track record of generating a positive average beat of 1.26%.
Currently, XYL has a Zacks Rank #3 (Hold) but that could change following its second-quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Adjusted Earnings came in at 48 cents per share, a penny higher than the Zacks Consensus Estimate of 47 cents.
Revenue: Revenues of $932 million came above the Zacks Consensus Estimate of $929 million.
Key Stats: XYL aims to boost its financials on the back of improving public utility sectors’ business and greater operational efficacy. Full year 2016 adjusted EPS is expected to lie within the range of $2.00-$2.06 per share. While revenues for full year is expected to be roughly $3.7 billion.
Stock Price: As of Aug 1, 2016 XYL’s closed the trading session at $47.81 per share.
XYLEM INC Price and EPS Surprise
XYLEM INC Price and EPS Surprise | XYLEM INC Quote
Shares price did not show any movement in the pre-market trading session.
Check back later for our full write up on this XYL earnings report later!
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