Vertiv climbs on forecast hike, upbeat Q3 results
28/10/2026 11:39
BUZZ-Vertiv climbs on forecast hike, upbeat Q3 results ** Shares of digital infrastructure provider Vertiv VRT.N rise 16.1% to $242.45 premarket
** Co raises FY26 net sales forecast to $14.45 bln - $14.85 bln, up from prior forecast of $14 bln
** Expects FY26 adj. EPS in the range of $7.10 - $7.20, from previous outlook of $6.65 - $6.75
** VRT posts Q3 revenue and adj. EPS of $4.31 bln and $2.21, beating analysts' consensus estimates of $3.76 bln and $1.83, according to data compiled by LSEG
** Upbeat results driven by organic orders more than doubled year-over-year, along with broad performance gain - CEO
** 29 of 33 brokerages rate the stock "buy" or higher, three "hold" and one "sell"; median PT is $330 - LSEG data
** As of last close, stock up 28.7% YTD
(Reporting by Anand Gopal in Bengaluru)