00:00Vertiv surged 16.52% today, after strong results and raised guidance.
00:06Vertiv makes power, cooling, and related infrastructure that keeps data centers operating.
00:13Vertiv jumped 16.5% today, after reporting strong quarterly results, and raising its full-year guidance.
00:21In its SEC filing, the company reported adjusted earnings of $2.21 per share against an estimate
00:30of $1.85, while net sales rose 61% and organic orders grew more than 100%.
00:40Vertiv said strong demand and ongoing capacity investments gave it confidence to raise full-year
00:47net sales guidance by $650 million. Why it matters? Investors rewarded both current execution
00:55and stronger forward expectations. Technology rose 0.84% today, so this went much further
01:03than the sector did. More on VRT, full recap linked.