Vertiv Holdings Co (VRT) reported earnings for its third quarter that Increased from last year and beat the Street estimates.
The company's earnings came in at $398.5 million, or $1.02 per share. This compares with $176.6 million, or $0.46 per share, last year.
Excluding items, Vertiv Holdings Co reported adjusted earnings of $485.3 million or $1.24 per share for the period.
Analysts on average had expected the company to earn $0.99 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 29.0% to $2.675 billion from $2.073 billion last year.
Vertiv Holdings Co earnings at a glance (GAAP) :
-Earnings: $398.5 Mln. vs. $176.6 Mln. last year.-EPS: $1.02 vs. $0.46 last year.-Revenue: $2.675 Bln vs. $2.073 Bln last year.
-Guidance:Next quarter EPS guidance: $1.23 - $1.29Next quarter revenue guidance: $2,810- $2,890 MlnFull year EPS guidance: $4.07 - $4.13Full year revenue guidance: $10,160- $10,240 Mln
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.