Why Xylem Stock Tumbled on Thursday
XYLXylem(XYL) The Motley Fool·2024-11-01 05:22

No one likes it when their investment posts a double miss on yearly guidance.On the back of Xylem's (XYL -6.48%) latest quarterly earnings report, investors eagerly traded out of the stock on the second-to-last trading day of the week. This news-fueled decline left the shares with a more than 6% price haircut at market close, notably worse than the almost 2% decrease of the S&P 500 (^GSPC -1.86%) index.Modest rises in key fundamentalsXylem's third quarter saw the water technology specialist earn $2.1 billio ...