Plus   Neg

Xylem Guides FY20 Below Estimates; Boosts Dividend 8% - Quick Facts

While reporting financial results for the fourth quarter on Thursday, water technology company Xylem Inc. (XYL) initiated adjusted earnings and organic revenue growth guidance for the full year 2020, below analysts' expectations.

For fiscal 2020, the company now projects adjusted earnings in a range of $2.96 to $3.16 per share, on organic revenue growth of 1 to 3 percent to between $5.30 billion and $5.35 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.31 per share on revenues of $5.44 billion for the year. Analysts' estimates typically exclude special items.

Xylem also announced that its Board of Directors declared an 8 percent higher dividend in the amount of $0.26 per share, payable on March 26, 2020 to shareholders of record as of February 27, 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Incredible Fish, Inc. has recalled a small quantity of Incredible Stone Crab Mustard Sauce citing undeclared milk, fish, and eggs allergens, the U.S. Food and Drug Administration announced. The Miami-based wholesale seafood distributor sold the recalled product to a limited number of consumers between October 15 and October 22, 2020, primarily through the company's website. Facebook said Tuesday that it has helped 4.4 million people register to vote for the upcoming U.S. presidential election on November 3, exceeding the tech giant's goal of helping 4 million voters to register. In June, Facebook said it created a new Voting Information Center to provide users with authoritative information, including how and when to vote. Facebook has launched cloud-streamed games in the Facebook app and on browser, which are playable instantly, with no downloads required. These cloud-streamed games can be played right alongside those playing instant games in HTML5. The access to cloud games on Facebook will roll out in the US, initially across California, Texas and Northeast and Mid-Atlantic states.
Follow RTT