Why did XYL's Q3 earnings fall short of forecasts?

Xylem's Q3 earnings fell short of forecasts due to several factors:

1. **Revenue Miss**: The company's total revenue for Q3 was $2.10 billion, which missed the analyst estimates of $2.17 billion by 3.2%. This shortfall can be attributed to weaker performance in certain segments.
2. **Segmental Performance**: Specifically, the Applied Water segment generated revenues of $447 million, which was below the consensus estimate of $450 million. Additionally, the Water Solutions and Services segment totaled $576 million, down from the estimated $638 million.
3. **Organic Revenue Growth**: Organic revenues rose by only 1% year-over-year, which was lower than the expected growth. This indicates that the company's core operations did not perform as well as anticipated.
4. **Full-Year Revenue Guidance**: Xylem's full-year revenue guidance was revised downward to $8.5 billion, reflecting a 0.6% decrease from the previous guidance. This reduction in guidance likely contributed to the disappointment in Q3 results.

In summary, Xylem's Q3 earnings fell short due to a combination of revenue misses in key segments and lower-than-expected organic growth.