Why Xylem Stock Tumbled on Thursday [Yahoo! Finance]
Xylem Inc. New (XYL)
Last xylem inc. new earnings: 2/6 06:50 am
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Source: Yahoo! Finance
This news-fueled decline left the shares with a more than 6% price haircut at market close, notably worse than the almost 2% decrease of the S&P 500 (SNPINDEX: ^GSPC) index. Xylem's third quarter saw the water technology specialist earn $2.1 billion in revenue, which was 1% higher on a year-over-year basis. Non-GAAP (generally accepted accounting principles) adjusted net income also inched up across that stretch, coming in at just under $244 million ($1.11 per share) from the year-ago profit of $242 million. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » On average, analysts tracking Xylem's fortunes were expecting a slightly higher top line of $2.17 billion, while the company met their collective estimate of $1.11 per share for adjusted net income. Describing the company's revenue growth as "moderated," CEO Matthew Pine attributed it to project timing, for the most part. Xylem also updated its guidance for the ent
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News
- Bioremediation Industry Forecast to Reach $29.37 Billion by 2030, Rising at a CAGR of 10.52% [Yahoo! Finance]Yahoo! Finance
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- Hot Springs Cuts Non-Revenue Water Loss Nearly in Half with Digital Solutions from Xylem [Yahoo! Finance]Yahoo! Finance
- Hot Springs Cuts Non-Revenue Water Loss Nearly in Half with Digital Solutions from XylemBusiness Wire
XYL
Earnings
- 10/31/24 - In-Line
XYL
Sec Filings
- 10/31/24 - Form 10-Q
- 10/31/24 - Form 8-K
- 10/23/24 - Form 4
- XYL's page on the SEC website