Vertiv Hldgs Q4 Adj. EPS $0.56 Beats $0.53 Estimate, Sales $1.86B Miss $1.88B Estimate
Portfolio Pulse from Benzinga Newsdesk
Vertiv Holdings (VRT) reported Q4 adjusted EPS of $0.56, surpassing the $0.53 estimate, marking a 100% increase from last year's $0.28. However, its $1.86B sales fell short of the $1.88B estimate, despite being a 12.69% increase from the previous year.
February 21, 2024 | 10:57 am
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Vertiv Holdings reported a strong Q4 with EPS beating estimates and a significant year-over-year growth, although sales slightly missed expectations.
The positive earnings surprise and significant year-over-year growth in EPS are likely to be viewed favorably by investors, potentially leading to a short-term positive impact on VRT's stock price. However, the slight miss in sales estimates could temper some of the positive sentiment.
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