WASHINGTON (AP) — WASHINGTON (AP) — Xylem Inc. (XYL) on Tuesday reported second-quarter net income of $194 million.
The Washington-based company said it had net income of 80 cents per share. Earnings, adjusted for non-recurring costs, came to $1.09 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.
The water and wastewater treatment company posted revenue of $2.17 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $2.16 billion.
Xylem expects full-year earnings in the range of $4.18 to $4.28 per share.
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