WASHINGTON (AP) — WASHINGTON (AP) — Xylem Inc. (XYL) on Thursday reported second-quarter net income of $226 million.
On a per-share basis, the Washington-based company said it had profit of 93 cents. Earnings, adjusted for non-recurring costs, were $1.26 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The water and wastewater treatment company posted revenue of $2.3 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $2.21 billion.
Xylem expects full-year earnings in the range of $4.70 to $4.85 per share, with revenue in the range of $8.9 billion to $9 billion.
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