21-02-2024 14:06 via rocketnews.com

Vertiv’s stock drops on missed revenue, and weaker-than-expected Q1 view

Vertiv Holdings Co.’s stock fell more than 10% in premarket trading on Wednesday after the digital-infrastructure company missed its fourth-quarter revenue target and warned its next quarter could fall short of estimates. While Vertiv Holdings VRT, -1.51%issued bullish comments on its prospects to fuel growth in Artificial Intelligence, the stock gave back some of its double-digit percentage gains from 2024.Vertiv said its fourth-quarter net income rose to $232.6 million, or 60 cents a sha
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