Stock Track | Xylem Plunges as Q3 Revenue and Full-Year Outlook Disappoint

Stock Track

Nov 01, 2024

Shares of Xylem Inc. (XYL), a leading global water technology company, plummeted by around 7% on Wednesday, as the company's third-quarter revenue and full-year outlook failed to meet market expectations.

For the third quarter of 2024, Xylem reported revenue of $2.1 billion, missing analysts' consensus estimate of $2.17 billion. The revenue miss was primarily attributed to weaker-than-expected sales in key segments like water infrastructure and applied water.

Despite the revenue shortfall, Xylem's adjusted earnings per share (EPS) of $1.11 for the quarter met analysts' expectations, representing a 12% increase compared to the same period last year.

However, the company's full-year guidance for 2024 further dampened investor sentiment. Xylem narrowed its revenue forecast for the year to $8.5 billion, down from its previous guidance of $8.55 billion and below the consensus estimate of $8.58 billion. Additionally, the company revised its adjusted EPS guidance for 2024 to a range of $4.22 to $4.24, slightly lower than the analysts' consensus of $4.26.

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(XYL), a leading global water technology company, plummeted by around 7% on Wednesday, as the company's third-quarter revenue and full-year outlook failed to meet market expectations.</p>\n\n<p>For the third quarter of 2024, Xylem reported revenue of $2.1 billion, missing analysts' consensus estimate of $2.17 billion. The revenue miss was primarily attributed to weaker-than-expected sales in key segments like water infrastructure and applied water.</p>\n\n<p>Despite the revenue shortfall, Xylem's adjusted earnings per share (EPS) of $1.11 for the quarter met analysts' expectations, representing a 12% increase compared to the same period last year.</p>\n\n<p>However, the company's full-year guidance for 2024 further dampened investor sentiment. Xylem narrowed its revenue forecast for the year to $8.5 billion, down from its previous guidance of $8.55 billion and below the consensus estimate of $8.58 billion. Additionally, the company revised its adjusted EPS guidance for 2024 to a range of $4.22 to $4.24, slightly lower than the analysts' consensus of $4.26.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XYL","symbol_name":"赛莱默","start_time":0,"source_url":"","article_id":"1177760461","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1177760461","pubTimestamp":1730408694,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Xylem Inc. , a leading global water technology company, plummeted by around 7% on Wednesday, as the company's third-quarter revenue and full-year outlook failed to meet market expectations.For the third quarter of 2024, Xylem reported revenue of $2.1 billion, missing analysts' consensus estimate of $2.17 billion. 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Additionally, the company revised its adjusted EPS guidance for 2024 to a range of $4.22 to $4.24, slightly lower than the analysts' consensus of $4.26.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}