WASHINGTON (AP) — WASHINGTON (AP) — Xylem Inc. (XYL) on Tuesday reported fourth-quarter earnings of $335 million.
The Washington-based company said it had profit of $1.37 per share. Earnings, adjusted for non-recurring costs, came to $1.42 per share.
The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of $1.42 per share.
The water and wastewater treatment company posted revenue of $2.4 billion in the period, topping Street forecasts. Eight analysts surveyed by Zacks expected $2.38 billion.
For the year, the company reported profit of $957 million, or $3.92 per share. Revenue was reported as $9.04 billion.
Xylem expects full-year earnings in the range of $5.35 to $5.60 per share, with revenue in the range of $9.1 billion to $9.2 billion.
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