Vertiv Hldgs Q3 2024 Adj. EPS $0.76 Beats $0.69 Estimate, Sales $2.074B Beat $1.977B Estimate
Portfolio Pulse from Benzinga Newsdesk
Vertiv Holdings reported Q3 2024 earnings per share of $0.76, surpassing the analyst estimate of $0.69. The company's sales reached $2.074 billion, exceeding the expected $1.977 billion and marking an 18.99% increase from the previous year.
October 23, 2024 | 9:58 am
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Vertiv Holdings reported better-than-expected Q3 2024 earnings and sales, with EPS of $0.76 beating estimates by 10.14% and sales of $2.074 billion exceeding expectations by 4.89%. This performance also represents an 18.99% increase in sales compared to the same period last year.
The positive earnings surprise and significant year-over-year sales growth are likely to boost investor confidence and positively impact Vertiv's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100