Xylem Raises FY23 Outlook On Solid Q2 Earnings Beat
Portfolio Pulse from Nabaparna Bhattacharya
Xylem Inc. reported Q2 revenue growth of 26.2% Y/Y to $1.72 billion, beating the analyst consensus. Q2 adjusted EPS of $0.98 also beat the street view of $0.85. The company raised its FY23 outlook, now expecting full-year 2023 revenue of approximately $7.20 billion, up 9%-10% on an organic basis. The company's shares are trading higher by 2.11% to $114.29.
August 04, 2023 | 11:28 am
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Xylem Inc. reported strong Q2 earnings and raised its FY23 outlook, leading to a rise in its stock price.
Xylem Inc. reported a strong Q2 earnings beat and raised its FY23 outlook, which has led to a positive reaction in the stock market. This news is highly relevant and important for Xylem's investors, leading to a high confidence in a positive short-term impact on the stock.
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RELEVANCE 100