Vertiv Hldgs Q3 Adj. EPS $0.52 Beats $0.44 Estimate, Sales $1.74B Miss $1.75B Estimate
Portfolio Pulse from Benzinga Newsdesk
Vertiv Hldgs (NYSE:VRT) reported Q3 adjusted earnings of $0.52 per share, beating the analyst consensus estimate of $0.44 by 18.18%. This is a 126.09% increase from the same period last year. However, the company's quarterly sales of $1.74 billion missed the analyst consensus estimate of $1.75 billion by 0.40%, though it's a 17.69% increase from last year.
October 25, 2023 | 9:57 am
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Vertiv Hldgs reported better than expected Q3 earnings but missed on sales. This mixed result could lead to volatility in the stock price.
Vertiv Hldgs reported a significant increase in earnings, beating estimates, which is positive for the stock. However, the company missed sales estimates, which could negatively impact the stock. The mixed results could lead to short-term volatility in the stock price.
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