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PNR News3 articles
ASX 200 Rebounds From Futures Slump on Bank and Defense Strength
The ASX 200 rebounded from a 63-point futures warning to trade 0.2% higher, driven by banks and defense stocks, while resource shares lagged.
Xylem Stock Rebounds as $850M Dow Contract Drives Order Surge
Xylem shares rose 1.8% after a $850M Dow contract boosted orders by 42%, but the company trimmed its revenue outlook while raising EPS guidance.
Pentair Plunges 14.7% as Pool Inventory Overhang Crushes Q2 Earnings
Pentair shares fell 14.7% on Wednesday after the company disclosed that pool-channel inventory destocking drove a 62% decremental margin, slashing Q2 profit and forcing a full-year guidance cut.