Xylem Inc. Q3 Profit Increases, Beats Estimates

(RTTNews) - Xylem Inc. (XYL) reported a profit for its third quarter that Increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $227 million, or $0.93 per share. This compares with $217 million, or $0.89 per share, last year.

Excluding items, Xylem Inc. reported adjusted earnings of $333 million or $1.37 per share for the period.

Analysts on average had expected the company to earn $1.23 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 7.8% to $2.268 billion from $2.104 billion last year.

Xylem Inc. earnings at a glance (GAAP) :

-Earnings: $227 Mln. vs. $217 Mln. last year. -EPS: $0.93 vs. $0.89 last year. -Revenue: $2.268 Bln vs. $2.104 Bln last year.

-Guidance: Full year EPS guidance: $5.03 to $5.08