Vertiv Reports Strong Fourth Quarter Results and Provides Full Year 2024 Outlook

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Go back to Vertiv Reports Strong Fourth Quarter Results and Provides Full Year 2024 Outlook

Vertiv's FQ4 earnings top estimates but March quarter guidance falls short; shares dip

February 21, 2024 7:07 AM EST

Vertiv Holdings (NYSE: VRT) saw its shares tumble more than 6.5% in premarket trading Wednesday after the companys outlook for FQ1 2024 missed consensus estimates.

For the fiscal Q4 2023, the data center infrastructure provider reported earnings per share (EPS) of $0.56, beating the estimated $0.53. Revenue came in at $1.87 billion, also below the projected $1.88 billion.

The... More