Vertiv (VRT) Stock Jumps 14% After Q3 Earnings Beat and Raised Guidance

TLDR Vertiv (VRT) stock jumped 14% to $239.81 before the opening bell after its third-quarter report. Adjusted EPS was $2.21 on sales of $4.31 billion, versus estimates of $1.82 and $3.75 billion. Net sales rose 61% from a year ago. Full-year adjusted EPS guidance was raised to $7.10 to $7.20, above the $6.73 analysts expected. Q4 guidance calls for EPS of $2.25 and revenue of $4.41 billion, both above consensus. Vertiv (VRT) stock jumped 14% to $239.81 before the opening bell on Wednesday. The data-center infrastructure company reported third-quarter results that beat Wall Street estimates and raised its outlook for the year. Vertiv Holdings Co, VRT The stock closed at $208.56 on Tuesday.

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