Xylem Cuts Annual Earnings Outlook as Shares Fall 12%
Xylem lowered its annual earnings outlook, citing delayed projects and increasingly cautious customer spending. Shares fell 12% to $95.26, the S&P 500’s worst performer.
By Ty RoushXylem stock took a hit Tuesday after the water technology company slashed its annual earnings outlook and warned that delayed projects and increasingly cautious customer spending were weighing on demand.Shares of Xylem fell 12% to $95.26, making it the worst performer in the S&P 500 for…