By Mackenzie Tatananni
Shares of Vertiv Holdings rose sharply in premarket trading Wednesday after the data-center infrastructure company posted strong third-quarter earnings and hiked its full-year guidance.
Adjusted earnings of $1.24 a share handily beat the 98 cents analysts were expecting, according to FactSet, while net sales rose 29% to $2.68 billion and surpassed the estimate of $2.58 billion.
The company raised its full-year guidance, citing its "strong backlog and pipelines." Vertiv now expects adjusted earnings in the range of $4.07 to $4.13 a share, up from a prior range of $3.75 to $3.85. The company also boosted its outlook for adjusted operating profit and free cash flow.
Executive Chairman Dave Cote said the company had taken steps to build and leverage its "durable foundation" to unlock value in a "fast-growing, [artificial-intelligence]-driven market."
Shares rose 6.5% in premarket trading. Futures tracking the benchmark S&P 500 were up 0.1%.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
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October 22, 2025 06:49 ET (10:49 GMT)
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