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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 1.79%.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Adjusted Earnings came in at 54 cents per share, a penny higher than the Zacks Consensus Estimate of 53 cents.
Revenue: Revenues of $897 million came below the Zacks Consensus Estimate of $913 million.
Key Stats: XYL aims to boost its financials on the back of improving public utility sectors’ business and greater operational efficacy. The company has raised its full-year 2016 revenue guidance to $3.8 billion from $3.7 billion previously stated. While has narrowed down whole year adjusted EPS guidance range to $2.02-$2.04 per share from $2.00-$2.06 per share formerly anticipated.
Stock Price: As of Oct 31, 2016, XYL’s closed the trading session at $48.33 per share.
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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Xylem (XYL) Beats Q3 Earnings, Ups 2016 Revenue Guidance
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 1.79%.
Currently, XYL has a Zacks Rank #3 (Hold) but that could change following its third-quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Adjusted Earnings came in at 54 cents per share, a penny higher than the Zacks Consensus Estimate of 53 cents.
Revenue: Revenues of $897 million came below the Zacks Consensus Estimate of $913 million.
Key Stats: XYL aims to boost its financials on the back of improving public utility sectors’ business and greater operational efficacy. The company has raised its full-year 2016 revenue guidance to $3.8 billion from $3.7 billion previously stated. While has narrowed down whole year adjusted EPS guidance range to $2.02-$2.04 per share from $2.00-$2.06 per share formerly anticipated.
XYLEM INC Price
XYLEM INC Price | XYLEM INC Quote
Stock Price: As of Oct 31, 2016, XYL’s closed the trading session at $48.33 per share.
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!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>