Why Xylem Stock Crashed 10% Today
Shares of water technology company Xylem (NYSE: XYL) had slumped by around 10% midday on Thursday. Investors were left unimpressed by very disappointing fourth-quarter earnings and guidance for 2022.
It's no secret that many companies have suffered soaring supply chain costs and disruptions due to the resurgence of coronavirus and government actions in response. Unfortunately, Xylem is one of them.
A water treatment plant. Image source: Getty Images.
Source Fool.com