** Shares of water technology firm Xylem XYL.N rise 2.5% to $118.79
** Co raises FY revenue forecast to $8.7 billion to $8.8 billion, compared to a previous range of $8.6 billion to $8.7 billion
** Analysts, on average, were estimating annual revenue of $8.74 billion, according to data compiled by LSEG
** XYL posts Q1 revenue of $2.1 billion, compared with estimates of $2.04 billion
** Co reports quarterly profit of $1.03 per share on an adjusted basis, surpassing estimates of 95 cents per share
** Up to last close, XYL stock up 2.5% YTD
(Reporting by Padmanabhan Ananthan)
((Padmanabhan.Ananthan@thomsonreuters.com))
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