BUZZ - Vertiv shares rise due to upward revision of earnings forecast and strong third-quarter performance

October 28 - ** Digital infrastructure provider Vertiv (VRT.N) saw its share price rise 16.1% in pre-market trading, reaching $242.45

** The company raised (link) its fiscal year 2026 net sales forecast to $14.45 billion–$14.85 billion, up from the previous $14 billion expectation

** Adjusted earnings per share for fiscal 2026 are now expected to be in the range of $7.10 to $7.20, compared to the previous forecast of $6.65 to $6.75

** According to data compiled by London Stock Exchange Group (LSEG), VRT reported third-quarter revenue and adjusted earnings per share of $4.31 billion and $2.21, both above the consensus expectations of $3.76 billion and $1.83

** The chief executive said the strong performance was driven by more than doubling of organic orders year-on-year and overall improvements in performance

** Of the 33 brokerages, 29 have given the stock a “buy” or higher rating, 3 assigned a “hold,” and 1 a “sell”; the median price target is $330 — LSEG data

** As of the previous session’s close, the stock had risen a total of 28.7% so far this year

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