RYE BROOK, N.Y. (AP) _ Xylem Inc. (XYL) on Tuesday reported first-quarter profit of $87 million.

On a per-share basis, the Rye Brook, New York-based company said it had profit of 48 cents. Earnings, adjusted for restructuring costs and non-recurring costs, were 56 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The water and wastewater treatment company posted revenue of $1.26 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.17 billion.

Xylem expects full-year earnings in the range of $2.50 to $2.70 per share.

Xylem shares have increased roughly 10% since the beginning of the year, while the S&P’s 500 index has climbed 12%. The stock has climbed 61% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XYL at https://www.zacks.com/ap/XYL