Xylem Q3 Earnings Miss Wall Street Estimates as Revenue Falls Short; Guidance Issued

Xylem Inc. (XYL) reported third-quarter net income of $291 million, or $1.25 per share, missing analyst expectations, the water and wastewater treatment company said Tuesday. Adjusted earnings came to $1.44 per share, below the $1.47 average estimate from seven analysts surveyed by Zacks Investment Research. Revenue for the period was $2.2 billion, also short of the $2.28 billion forecast by six Zacks analysts. The company, based in Washington, attributed no specific factors in the snapshot for the shortfall. Looking ahead, Xylem expects full-year earnings in the range of $5.40 to $5.45 per share, with revenue projected at $8.95 billion. The results and guidance come amid ongoing demand for water infrastructure solutions.