Vertiv Holdings Co: 3rd quarter profit rises and beats estimates. $VRT (+2.61%)

Vertiv Holdings Co ( VRT ) reported third-quarter profit that rose from the year-ago period and beat Wall Street estimates.

The company's profit amounted to 176.6 million dollars, or 0.46 dollars per share. In the third quarter of the previous year, the figure was 94.1 million dollars or 0.24 dollars per share.

Excluding special items, Vertiv Holdings Co reported adjusted earnings of $290.5 million, or $0.76 per share, for the period.

Analysts on average had expected earnings of 0.69 dollars per share, according to figures from Thomson Reuters. The analysts' estimates generally do not include any special items.

The company's turnover rose by 19.0% in the quarter from 1.742 billion US dollars in the previous year to 2.073 billion US dollars.

Vertiv Holdings Co's results at a glance (GAAP):

-Profit (Q3): $176.6 million vs. $94.1 million last year.

-EPS (Q3): USD 0.46 compared to USD 0.24 in the previous year.

-Sales (Q3): USD 2.073 billion compared to USD 1.742 billion in the previous year.

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