Xylem rises on Q4 results beat

Xylem

06/02/2024 15:09

** Shares of water tech co Xylem  XYL.N  rise ~3.9% to
$118.55
    ** Co reports Q4 adj profit of 99 cents per share, beating
expectations by 3 cents
    ** Co's quarterly revenue of $2.12 bln beats analysts'
average expectation of $2.05 bln on strength of its water
infrastructure segment
    ** Co forecasts annual adj profit between $4.00 and $4.20,
the midpoint of which is above analysts' average estimate of
$4.07 - LSEG data
    ** Including session's move, stock up ~13.4% in last 12
months

 (Reporting by Christy Santhosh)
 ((Christy.Santhosh@thomsonreuters.com))