$242.940
+40.037 (+16.48%)At close
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VRT Events
Vertiv Stock Rises 14.5% to $238.86
Vertiv is up 14.5%, or $30.30 to $238.86.
Vertiv Holdings Gains $28.67 to $237.23
Notable gainers among liquid option names this morning include Vertiv Holdings (VRT) $237.23 +28.67, LabCorp (LH) $359.35 +28.18, Fortive (FTV) $66.75 +5.13, GE Hlthcare Tech Inc (GEHC) $76.32 +5.21, and Flex (FLEX) $87.75 +4.40.
Investors Await Fed Rate Decision and Earnings Reports
Stock futures are higher as investors await the Federal Reserve's interest-rate decision and earnings from Alphabet and Microsoft after the closing bell. Semiconductor stocks are providing support after South Korea's SK Hynix reported record profits.The Fed is widely expected to leave its benchmark interest-rate range unchanged at 3.75%-4% when it announces its decision at 2 p.m. ET, followed by Chair Kevin Warsh's press conference at 2:30 p.m. ET. With inflation remaining elevated and oil prices climbing after an attack on Saudi Arabia's Ras Tanura refinery, investors will focus on Warsh's comments for clues about the timing of future rate hikes. Brent crude rising above $115 a barrel is adding to concerns that higher energy costs could complicate the inflation outlook.In pre-market trading, S&P 500 futures rose 0.21%, Nasdaq futures rose 0.36% and Dow futures slipped 0.01%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Wendy'sup 16% after Trian Management submitted to the board a non-binding proposal to acquire all of the outstanding shares of common stock not currently beneficially owned by the group for a price of $7.35 per share in cashUP AFTER EARNINGS -Vertivup 15%Stellantisup 8%Wingstopup 8%SK Hynixup 6%PPGup 6%Brinkerup 5%Deutsche Bankup 4%GE Vernovaup 1%Rogers Corporationup 1%DOWN AFTER EARNINGS -Robinhooddown 6%GlaxoSmithKlinedown 5%Seagatedown 2%UBSdown 1%Biogendown 1%T-Mobiledown 1%
Vertiv Reports Q3 Revenue of $4.31B, Exceeds Expectations
Reports Q3 revenue $4.31B, consensus $3.76B. "We are in the middle of the largest infrastructure buildout and it's accelerating," said Giordano Albertazzi, Vertiv's Chief Executive Officer. "The demands on data center infrastructure are evolving faster than ever, and Vertiv's role in that buildout keeps expanding. We're compressing new product development cycles from years to months. We're industrializing converged infrastructure at a scale that didn't exist before and strengthening competencies that are very hard to replicate. We are expanding capacity, improving productivity, and executing with rigor. The infrastructure we deliver performs at the highest levels of reliability. Customers are choosing Vertiv as the partner that can engineer, deliver, scale and service across the entire lifecycle. Our more than 100% organic orders growth year over year and our overall performance are clear testaments to that."
Vertiv Raises FY26 Revenue Outlook to $14.45B-$14.85B
Consensus $6.73. Raises FY26 revenue view to $14.45B-$14.85B from $13.8B-$14.2B, consensus $14B. Raises FY26 adjusted free cash flow view to $2.6B-$2.8B from $2.4B-$2.6B. "The companies that will define the digital age are the ones investing ahead of the curve and delivering for customers, and that is what we are doing," said Dave Cote, Vertiv's Executive Chairman. "We are in an industry where the more technology changes, the better it is for us. We keep investing, we keep building, and what we have built is designed to scale. I believe there is a long runway ahead and the opportunity only gets bigger from here."
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