Xylem rises after raising FY revenue forecast, quarterly results beat

Shares of water technology firm Xylem XYL.N rise 2.5% to $118.79

Co raises FY revenue forecast to $8.7 billion to $8.8 billion, compared to a previous range of $8.6 billion to $8.7 billion

Analysts, on average, were estimating annual revenue of $8.74 billion, according to data compiled by LSEG

XYL posts Q1 revenue of $2.1 billion, compared with estimates of $2.04 billion

Co reports quarterly profit of $1.03 per share on an adjusted basis, surpassing estimates of 95 cents per share

Up to last close, XYL stock up 2.5% YTD