Vertiv Holdings Raises FY23 Revenue From $6.826B-$6.851B To $6.875B-$6.895B Vs $6.85B Est.
Portfolio Pulse from Benzinga Newsdesk
Vertiv Holdings has increased its FY23 revenue forecast from the range of $6.826B-$6.851B to $6.875B-$6.895B, which is above the estimated $6.85B.
November 29, 2023 | 2:08 pm
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Vertiv Holdings has raised its FY23 revenue outlook, potentially indicating better-than-expected performance and growth.
An upward revision in revenue guidance is typically seen as a positive indicator of a company's performance and often leads to increased investor confidence. This can result in a short-term positive impact on the stock price as the market reacts to the potential for higher future earnings.
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