US stock futures edge lower after S&P 500 hits record high; PCE data in focus
NEW YORK - Vertiv Holdings Co (NYSE:VRT) shares fell sharply on Wednesday after the data center infrastructure company’s first-quarter earnings guidance came in below analyst expectations, overshadowing better-than-expected fourth quarter results.
The stock was down -6.75% in early trading following the mixed report and guidance. Investors appeared focused on the soft near-term outlook despite the strong Q4 performance.
The company reported fourth quarter adjusted earnings per share of $0.99, beating the analyst consensus of $0.82. Revenue rose 26% year-over-year to $2.35 billion, also topping estimates of $2.16 billion.
However, Vertiv forecast first quarter EPS of $0.57-$0.63, below the $0.64 analysts were expecting. The company’s full-year 2025 outlook was largely in line with estimates.
"Data centers are crucial for meeting the world’s digital demands," said CEO Giordano Albertazzi. "Vertiv’s commitment to customer collaboration and innovation is setting the pace for what’s possible."
For the full year 2025, Vertiv expects revenue of $9.12-9.27 billion and adjusted EPS of $3.50-$3.60.
Vertiv said fourth quarter orders were up about 30% on a trailing twelve-month basis compared to the prior year period, with Americas orders surging over 50%.
The company ended 2024 with a net leverage ratio of approximately 1.0x.
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