Plus   Neg

Xylem Q1 Profit Misses Estimates; Organic Revenue Down 8%

Xylem Inc. (XYL) reported first quarter adjusted earnings per share of $0.23 compared to $0.52, a year ago. At constant currency, adjusted earnings per share was $0.25, for the quarter. On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.37, for the quarter. Analysts' estimates typically exclude special items.

First quarter revenue was $1.12 billion, down 9 percent on a reported basis and 8 percent organically, largely driven by the impact of COVID-19, which the company estimates to have been approximately 5 percent. Orders were down 4 percent on a reported basis and 2 percent, organically, and were net positive excluding estimated impacts of COVID-19. Analysts expected revenue of $1.15 billion for the quarter.

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