On July 27, Vertiv Holdings LLC rose 3.05% overnight, trading at $299.21/share, with turnover of $1.9069 million.
The move was driven by multiple catalysts converging ahead of the company's quarterly earnings release scheduled for July 29. Market consensus expects EPS of $1.43 and revenue growth of approximately 44.24% year-over-year. Last quarter, the company reported revenue of $2.65 billion with adjusted EPS of $1.17, representing 82.81% year-over-year growth.
Additionally, Vertiv recently completed its acquisition of Strategic Thermal Labs, a provider of advanced liquid cooling and thermal engineering solutions, strengthening its AI compute cooling product portfolio. The company also announced plans to double chiller production capacity at its Tognana, Italy facility by year-end and opened its first Southeast Asian manufacturing plant in Johor, Malaysia, targeting AI and data center customers across Asia-Pacific.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)