Vertiv Holdings VRT reported its Q3 earnings results on Wednesday, October 26, 2022 at 05:55 AM.
Here's what investors need to know about the announcement.
Vertiv Holdings beat estimated earnings by 9.52%, reporting an EPS of $0.23 versus an estimate of $0.21.
Revenue was up $252.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.0 which was followed by a 9.84% increase in the share price the next day.
Here's a look at Vertiv Holdings's past performance:
|Quarter||Q2 2022||Q1 2022||Q4 2021||Q3 2021|
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Vertiv Holdings management provided guidance for FY 2022, expecting earnings between $0.53 and $0.59 per share.
To track all earnings releases for Vertiv Holdings visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.