RYE BROOK, N.Y. _ Xylem Inc. on Thursday reported second-quarter net income of $74 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 43 cents per share. Seven analysts surveyed by Zacks expected $923.5 million.
You can't make money from hoarding bottled water—yet. But you can make money by investing in the coming apocalypse. Here's how.
When it comes to unlocking shareholder value, corporate boards, company management and activist investors often look toward spinning off a business that could stand on its own.
If you watch Mad Money regularly, you know that sometimes Cramer tells a caller he can't make a call before doing some homework. Following is research and resulting calls sparked by viewer questions about stocks.
WHITE PLAINS, N.Y.-- ITT Corp. fared better in the third quarter than analysts anticipated, providing further validation for a spin-off that streamlined the company's operations last year. A little over a year ago, ITT spun off its water-management business into Xylem Inc. and its defense segment into Exelis Inc..
*Brean Murray starts Xylem with buy rating; target price $31. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
Usually the whole is greater than the sum of its parts — not to investment guru Mario Gabelli. The CEO of Gamco Investors told CNBC Monday he wants to invest in companies that have a history of splitting off successful businesses and then invest in both companies.
With the S&P 500 pulling back from the key 1350-1360 level, we may well be at an inflection point. How should you position?