The provider of equipment and service for water and wastewater applications saw its revenue increase to $906 million, passing 12 analysts' estimates of $887 million, Bloomberg reports.
The company said it maintains full-year outlook of adjusted EPS of $1.85 to $2.00 on revenue of approximately $4 billion.
TheStreet Ratings team rates XYLEM INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate XYLEM INC (XYL) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income."