Palantir shares slip premarket despite posting record revenue in third quarter
LONDON - On Friday, nVent Electric plc (NYSE:NVT), a global provider of electrical connection and protection solutions, reported third-quarter earnings that exceeded analyst expectations.
The company’s shares were up 5.17% in pre-market trading following the announcement.
The company posted adjusted earnings per share of $0.91 for the third quarter of 2025, beating the analyst consensus of $0.88 by $0.03. Revenue came in at $1.05 billion, surpassing the $1.01 billion consensus estimate and showing strong performance across its portfolio of electrical products.
Investors responded positively to the results, sending nVent shares up more than 5% as the company demonstrated its ability to outperform market expectations in the current economic environment.
Looking ahead, nVent provided guidance for the fourth quarter, projecting earnings per share between $0.87 and $0.89, with the midpoint of $0.88 aligning exactly with analyst expectations. For the full fiscal year 2025, the company expects earnings per share to range from $3.31 to $3.33, slightly above the consensus estimate of $3.30.
nVent’s performance underscores its position as a leading provider of electrical systems protection and connection solutions, with brands including CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF, and TRACHTE.
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