Xylem Inc (XYL) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.48 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.47. The company posted revenue of $932.00 million in the period, compared to analysts expectations of $928.42 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Xylem Inc closed down -0.08 points or -0.17% at $47.81 with 6,81,688 shares getting traded on Friday. Post opening the session at $47.72, the shares hit an intraday low of $47.4711 and an intraday high of $47.96 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Aug 1, 2016, Steven R Loranger (director) sold 32,246 shares at $48.01 per share price. According to the SEC, on May 16, 2016, Colin R Sabol (Senior Vice President) sold 39,265 shares at $42.91 per share price. On May 9, 2016, Kenneth Napolitano (Senior Vice President) sold 10,246 shares at $41.53 per share price, according to the Form-4 filing with the securities and exchange commission.
Xylem Inc. is engaged in the design manufacturing and application of engineered technologies for the water industry. The Company is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water from collection distribution and use to the return of water to the environment. The Company is an equipment and service provider in various application areas of the water equipment industry: transport treatment test building services industrial processing and irrigation. The Company’s water market brands such as Bell & Gossett and Flygt. The Company sells its products in more than 150 countries through a distribution network consisting of direct sales force and independent channel partners. The Company has two business segments: Water Infrastructure (collection distribution and return) and Applied Water (usage).