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Recap: Xylem Q3 Earnings

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Benzinga Insights
·1 min read
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Shares of Xylem (NYSE:XYL) moved higher by 0.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 24.39% over the past year to $0.62, which beat the estimate of $0.51.

Revenue of $1,220,000,000 decreased by 5.86% year over year, which beat the estimate of $1,160,000,000.

Guidance

Xylem hasn't issued any earnings guidance for the time being.

Xylem hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Oct 29, 2020

View more earnings on XYL

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/3gsg4fwo

Technicals

Company's 52-week high was at $93.14

52-week low: $54.62

Price action over last quarter: Up 19.69%

Company Description

Xylem is a global leader in water technology and offers a wide range of solutions, including the transport, treatment, testing, and efficient use of water for customers in the utility, industrial, commercial, and residential sectors. Xylem was spun off from ITT in 2011. Based in Rye Brook, New York, Xylem has a presence in over 150 countries and employs 16,200. The company generated $5.2 billion in revenue and $727 million in adjusted operating income in 2019.

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