Xylem Inc. Q2 Profit Beats Estimates

(RTTNews) - Xylem Inc. (XYL) reported a profit for second quarter that beat the Street estimates.

The company's earnings came in at $112M, or $0.62 per share. This compares with $113M, or $0.62 per share, in last year's second quarter.

Excluding items, Xylem Inc. reported adjusted earnings of $120M or $0.66 per share for the period.

Analysts on average had expected the company to earn $0.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.0% to $1.364B from $1.351B last year.

Xylem Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $112M. vs. $113M. last year. -EPS (Q2): $0.62 vs. $0.62 last year. -Analyst Estimates: $0.54 -Revenue (Q2): $1.364B vs. $1.351B last year.

-Guidance: Full year EPS guidance: $2.50 to $2.70