On October 29, Vertiv Holdings LLC fell 3.17% Overnight, trading at $235.23 per share, with turnover of $1.0693 million.
The move followed post-earnings volatility after the company reported quarterly results and updated guidance that both exceeded market expectations, even as the stock gave back part of its earlier sharp advance.
Vertiv Holdings LLC reported third-quarter revenue of $4.313 billion, up 61% year over year and above the $3.760 billion consensus, while adjusted EPS reached $2.21 versus the $1.83 expectation. Organic orders increased more than 100%, and the company raised full-year net sales guidance to about $14.65 billion, above the $14.01 billion market estimate, reflecting continued strength in data-center infrastructure and liquid-cooling demand.
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