WASHINGTON (AP) — WASHINGTON (AP) — Xylem Inc. (XYL) on Thursday reported third-quarter net income of $217 million.
On a per-share basis, the Washington-based company said it had net income of 89 cents. Earnings, adjusted for non-recurring costs, were $1.11 per share.
The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of $1.11 per share.
The water and wastewater treatment company posted revenue of $2.1 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $2.18 billion.
Xylem expects full-year earnings in the range of $4.22 to $4.24 per share, with revenue expected to be $8.5 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XYL at https://www.zacks.com/ap/XYL
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.