Xylem Revises FY24 Revenue Guidance To $8.55B (Est $8.561B), Up Approximately 16%, With Organic Revenue Growth Of 5% - 6%, Up From 4% - 6%
Portfolio Pulse from Benzinga Newsdesk
Xylem has revised its FY24 revenue guidance to $8.55 billion, representing a 16% increase, with organic revenue growth of 5% to 6%. This is an improvement from the previous guidance of 15% to 16% on a reported basis and 4% to 6% on an organic basis.
July 30, 2024 | 10:59 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Xylem has increased its FY24 revenue guidance to $8.55 billion, reflecting a 16% rise, with organic revenue growth now expected to be between 5% and 6%. This is an improvement from the previous guidance.
The upward revision in revenue guidance indicates stronger-than-expected performance, which is likely to positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100