Xylem hits near 3-yr high on 2024 profit forecast raise

Xylem

02/05/2024 15:17

** Shares of Xylem  XYL.N  rise as much as 3.1% to a near
3-year high of $135
    ** Co raises 2024 adj. EPS forecast to $4.10 to $4.25 from
$4.00 to $4.20 
    ** XYL's Q1 rev. of $2.03 bln beat Wall Street estimates of
$2 bln - LSEG 
    ** Co posts Q1 adj. EPS of 90 cents, above estimates of 84
cents
    ** YTD, stock up 16.6%

 (Reporting by Puyaan Singh)
 ((Puyaan.Singh@thomsonreuters.com;))