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Tuesday, October 28, 2014

Xylem Shares Climb as Third-Quarter Results Offset Revenue Miss

Xylem Inc., the water and wastewater technology company spun off from ITT Corp., reported improved third-quarter earnings backed by $1.03 billion in orders that offset a miss in revenue. The shares climbed 2.7 percent to $35.96 at 12:30 p.m. New York time, increasing the gain over the past year to 26 percent as Rye Brook, New York-based Xylem reaffirmed its full-year revenue forecast of about $4 billion.

via Rye Brook Newswire http://ift.tt/1tG68P0

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