WASHINGTON (AP) — WASHINGTON (AP) — Xylem Inc. (XYL) on Thursday reported first-quarter earnings of $153 million.
On a per-share basis, the Washington-based company said it had net income of 63 cents. Earnings, adjusted for non-recurring costs, came to 90 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.
The water and wastewater treatment company posted revenue of $2.03 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $2 billion.
Xylem expects full-year earnings in the range of $4.10 to $4.25 per share, with revenue expected to be $8.5 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XYL at https://www.zacks.com/ap/XYL
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