Xylem cuts annual profit and revenue forecasts; shares slide 8.3%
Xylem trimmed its annual profit and revenue forecasts as shares fell 8.3%.
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12:51:46 PM UTC
SquawkNews
By Adriano MarcheseXylem shares fell in premarket trading Tuesday after lowering its full-year earnings and revenue forecasts as project delays and cautious customer spending dragged on third-quarter sales.Shares traded 8.7% lower ahead of the morning bell at $98.87.The water technology company no…