On August 20, Vertiv Holdings LLC declined 3.07% in regular trading, trading at $253.49 per share, with turnover of $156 million.
The stock remains under pressure following its Q2 earnings report released in late July, which showed revenue of $3.274 billion, falling short of the $3.377 billion market consensus. Management attributed the shortfall to supply chain congestion causing timing shifts in deliveries. While adjusted EPS of $1.52 beat expectations of $1.42 and full-year guidance was raised to approximately $14 billion in net sales and adjusted EPS of $6.65-$6.75, the revenue gap has continued to suppress sentiment.
Within the Electrical Components and Equipment sector, broad weakness intensified selling pressure. Vicor fell 2.93%, FuelCell declined 1.97%, Eaton dropped 1.56%, and Ametek lost 1.22%, reflecting sector-wide headwinds.
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