WASHINGTON (AP) — WASHINGTON (AP) — Xylem Inc. (XYL) on Tuesday reported third-quarter profit of $227 million.
On a per-share basis, the Washington-based company said it had profit of 93 cents. Earnings, adjusted for non-recurring costs, came to $1.37 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.
The water and wastewater treatment company posted revenue of $2.27 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $2.22 billion.
Xylem expects full-year earnings in the range of $5.03 to $5.08 per share, with revenue expected to be $9 billion.
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