RTTNews | Aug 3, 2021 07:25AM EDT

07:24 Tuesday, August 3, 2021 (RTTNews.com) - Xylem Inc. (XYL) reported a profit for its second quarter that climbed from last year.

The company's bottom line came in at $113 million, or $0.62 per share. This compares with $31 million, or $0.17 per share, in last year's second quarter.

Excluding items, Xylem Inc. reported adjusted earnings of $119 million or $0.66 per share for the period.

Analysts had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.4% to $1.35 billion from $1.16 billion last year.

Xylem Inc. earnings at a glance:

-Earnings (Q2): $119 Mln. vs. $73 Mln. last year.-EPS (Q2): $0.66 vs. $0.40 last year.-Analysts Estimate: $0.62-Revenue (Q2): $1.35 Bln vs. $1.16 Bln last year.

-Guidance:Full year EPS guidance: $2.55 to $2.70

Read the original article on RTTNews ( https://www.rttnews.com/3215180/xylem-inc-q2-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved