Xylem rises on annual profit forecast raise - XYL News | RalliesXylem rises on annual profit forecast raise
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XYL• Xylem lifts annual profit forecast
- Shares of water-management company Xylem rose 1.12% to $121.50 in premarket trading.
- The company raised its annual profit forecast to $5.55 to $5.70 per share, compared with its previous forecast of $5.35 to $5.60.
- Analysts on average expect 2026 adjusted profit of $5.54 per share, according to data compiled by LSEG.
- Xylem posted second-quarter adjusted profit of $1.46 per share, above analysts' estimate of $1.34.
- As of the last close, XYL was down 11.8% year to date.
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