Vertiv Holdings Co (VRT) reported earnings for its third quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $176.6 million, or $0.46 per share. This compares with $94.1 million, or $0.24 per share, in last year's third quarter.
Excluding items, Vertiv Holdings Co reported adjusted earnings of $290.5 million or $0.76 per share for the period.
Analysts on average had expected the company to earn $0.69 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 19.0% to $2.073 billion from $1.742 billion last year.
Vertiv Holdings Co earnings at a glance (GAAP) :
-Earnings (Q3): $176.6 Mln. vs. $94.1 Mln. last year.
-EPS (Q3): $0.46 vs. $0.24 last year.
-Revenue (Q3): $2.073 Bln vs. $1.742 Bln last year.
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