India, July 31 -- Water solutions company Xylem, Inc. (XYL) reported Thursday higher profit and revenues in its second quarter. Further, the company raised fiscal 2025 outlook.
In pre-market activity on the NYSE, Xylem shares were gaining around 5.6 percent to trade at $38.00.
Looking ahead to fiscal 2025, Xylem now forecasts adjusted earnings per share of $4.70 to $4.85, versus the previous guidance of $4.50 to $4.70.
Revenue is now expected to be approximately $8.9 billion to $9.0 billion, up approximately 4 to 5 percent on a reported basis, versus 1 to 2 percent previously guided, and up approximately 4 percent on an organic basis.
The Wall Street analysts on average expect the company to report $4.65 per share on revenues of $8.77 b...