Xylem Inc.'s Q4 2023 revenue of $2.12B exceeded expectations, driving a rise in share value to $118.24.

Xylem Inc., an industrial products company, has reported better-than-expected financial results for the fourth quarter of 2023. The company's revenue for the quarter reached $2.12 billion, surpassing analyst expectations of $2.05 billion. The company's orders and backlog have also increased, and it expects adjusted earnings per share of $4.00-$4.20 and revenue of $8.4 billion-$8.5 billion for fiscal year 2024. As a result, Xylem shares experienced a significant increase in value, reaching $118.24 on the day of the announcement.

February 06, 2024
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