07:37 AM EDT, 05/02/2024 (MT Newswires) -- Xylem (XYL) reported Q1 adjusted earnings Thursday of $0.90 per diluted share, up from $0.79 a year earlier.

Analysts polled by Capital IQ expected $0.84.

Revenue for the quarter ended March 31 was $2.03 billion, up from $1.45 billion a year earlier.

Analysts surveyed by Capital IQ expected $2 billion.

For 2024, the water technology company now expects adjusted earnings of $4.10 to $4.25 per share on revenue of $8.5 billion, compared with its Feb. 6 guidance of $4 to $4.20 per share on revenue of $8.4 billion to $8.5 billion. Analysts surveyed by Capital IQ expect adjusted earnings of $4.14 per share on revenue of $8.5 billion.

Xylem shares were up 1% in recent premarket trading.

Price: 131.00, Change: +0.04, Percent Change: +0.03