WASHINGTON (AP) — WASHINGTON (AP) — Xylem Inc. (XYL) on Tuesday reported fourth-quarter profit of $326 million.
On a per-share basis, the Washington-based company said it had net income of $1.34. Earnings, adjusted for non-recurring gains, came to $1.18 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The water and wastewater treatment company posted revenue of $2.26 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $2.18 billion.
For the year, the company reported profit of $890 million, or $3.65 per share. Revenue was reported as $8.56 billion.
Xylem expects full-year earnings in the range of $4.50 to $4.70 per share.
_____
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.