0813 ET - Vertiv slumps despite a strong 4Q report as investors punish management's conservative approach to guidance. The maker of cooling and power equipment for data centers maintained guidance it provided in November for adjusted earnings of $3.50 to $3.60 a share in 2025, and raised its sales outlook by $75 million at the midpoint to a range of about $9.1 billion to $9.3 billion. Investors seem to have wanted more. Shares are down 7% at $114.14 premarket. Management tends to be conservative with initial outlooks, JPMorgan analyst Stephen Tusa said in a research note on Tuesday, adding that he expected the company to reaffirm its initial outlook. (dean.seal@wsj.com)
(END) Dow Jones Newswires
February 12, 2025 08:13 ET (13:13 GMT)
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