Tiger Brokers

BUZZ-Vertiv jumps after Q3 earnings beat and raised FY outlook

Reuters
Oct 22
BUZZ-Vertiv jumps after Q3 earnings beat and raised FY outlook

** Shares of data center equipment maker Vertiv Holdings VRT.N rise 6.7% premarket to $185.95

** VRT lifts its FY25 profit forecast from $3.80 per share to $4.10 per share

** Co reports Q3 revenue of $2.68 billion beating expectations of $2.57 billion, and adjusted EPS of $1.24, compared to forecasts of $0.98

** Following VRT's results, shares of some European data center equipment providers, including Schneider Electric SCHN.PA, ABB ABBN.S and Legrand LEGD.PA, also rise

** 22 of 27 brokerages rate the stock "buy" or higher, 4 "hold" and 1 "sell" or lower; their median PT is $165 - LSEG

** Up to Tuesday's close, stock had risen 53.9% YTD

(Reporting by Ragini Mathur in Bengaluru)

((Ragini.Mathur@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10