Xylem shares are trading lower after the company reported worse-than-expected Q3 sales results and issued FY24 guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Xylem's shares declined following disappointing Q3 sales results and lower-than-expected FY24 guidance.
October 31, 2024 | 12:22 pm
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NEGATIVE IMPACT
Xylem's stock is under pressure due to disappointing Q3 sales and FY24 guidance that fell short of estimates.
The company's Q3 sales results were worse than expected, which typically leads to a negative market reaction. Additionally, the FY24 guidance being below estimates suggests potential challenges ahead, further pressuring the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100