On October 30, nVent Electric plc fell 5.27% in Regular Trading, trading at $132.5/share, with turnover of $116 million.

The move followed the company’s third-quarter results and updated outlook. Adjusted EPS was $1.52, above the $1.40 market expectation, while revenue reached $1.51 billion, ahead of the $1.43 billion consensus. nVent Electric plc also raised full-year adjusted EPS guidance to $5.36-$5.39 from $5.00-$5.10 and lifted its annual revenue growth outlook to 48%-49% from 37%-39%.

Additional context showed fourth-quarter adjusted EPS guidance of $1.30-$1.33, ahead of the $1.24 consensus, with expected revenue growth of 45%-48%. Recent strategic expansion also included the completed $1.75 billion Maverick Power acquisition and a new 400,000-square-foot Arizona facility to expand engineered buildings capacity for data centers and power utilities.

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