Stock Track | nVent Electric Shares Plummet on Weak Full-Year Outlook

Stock Track

Nov 01, 2024

Shares of nVent Electric plc (NYSE: NVT) plunged nearly 6% in pre-market trading on Thursday after the company slashed its full-year earnings guidance for 2024, overshadowing better-than-expected third-quarter results.

The London-based electrical connection and protection solutions provider reported adjusted earnings of $0.84 per diluted share for the third quarter, unchanged from a year earlier but beating analysts' expectations of $0.81. Revenue rose 9.35% year-over-year to $939.1 million, also exceeding Wall Street estimates of $937.4 million.

However, nVent Electric cut its 2024 adjusted earnings per share guidance to a range of $2.49 to $2.51, down from its previous forecast of $3.23 to $3.29. Analysts polled by Capital IQ had anticipated full-year adjusted EPS of $3.27.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1120670971"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1120670971\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1120670971?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-01 19:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1120670971","market":"hk","top_or_hot":-1,"title":"Stock Track | nVent Electric Shares Plummet on Weak Full-Year Outlook","media":"Stock Track","content":"<p>Shares of nVent Electric plc (NYSE: NVT) plunged nearly 6% in pre-market trading on Thursday after the company slashed its full-year earnings guidance for 2024, overshadowing better-than-expected third-quarter results.</p>\n\n<p>The London-based electrical connection and protection solutions provider reported adjusted earnings of $0.84 per diluted share for the third quarter, unchanged from a year earlier but beating analysts' expectations of $0.81. Revenue rose 9.35% year-over-year to $939.1 million, also exceeding Wall Street estimates of $937.4 million.</p>\n\n<p>However, nVent Electric cut its 2024 adjusted earnings per share guidance to a range of $2.49 to $2.51, down from its previous forecast of $3.23 to $3.29. Analysts polled by Capital IQ had anticipated full-year adjusted EPS of $3.27.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | nVent Electric Shares Plummet on Weak Full-Year Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | nVent Electric Shares Plummet on Weak Full-Year Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-11-01 19:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of nVent Electric plc (NYSE: NVT) plunged nearly 6% in pre-market trading on Thursday after the company slashed its full-year earnings guidance for 2024, overshadowing better-than-expected third-quarter results.</p>\n\n<p>The London-based electrical connection and protection solutions provider reported adjusted earnings of $0.84 per diluted share for the third quarter, unchanged from a year earlier but beating analysts' expectations of $0.81. Revenue rose 9.35% year-over-year to $939.1 million, also exceeding Wall Street estimates of $937.4 million.</p>\n\n<p>However, nVent Electric cut its 2024 adjusted earnings per share guidance to a range of $2.49 to $2.51, down from its previous forecast of $3.23 to $3.29. Analysts polled by Capital IQ had anticipated full-year adjusted EPS of $3.27.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NVT","symbol_name":"nVent Electric plc","start_time":0,"source_url":"","article_id":"1120670971","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1120670971","pubTimestamp":1730460018,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of nVent Electric plc  plunged nearly 6% in pre-market trading on Thursday after the company slashed its full-year earnings guidance for 2024, overshadowing better-than-expected third-quarter results.The London-based electrical connection and protection solutions provider reported adjusted earnings of $0.84 per diluted share for the third quarter, unchanged from a year earlier but beating analysts' expectations of $0.81. Revenue rose 9.35% year-over-year to $939.1 million, also exceeding ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NVT":"nVent Electric plc"},"translate_title":"股票轨迹nVent Electric股价因全年前景疲软而暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVT":1},"content_text":"Shares of nVent Electric plc (NYSE: NVT) plunged nearly 6% in pre-market trading on Thursday after the company slashed its full-year earnings guidance for 2024, overshadowing better-than-expected third-quarter results.\nThe London-based electrical connection and protection solutions provider reported adjusted earnings of $0.84 per diluted share for the third quarter, unchanged from a year earlier but beating analysts' expectations of $0.81. Revenue rose 9.35% year-over-year to $939.1 million, also exceeding Wall Street estimates of $937.4 million.\nHowever, nVent Electric cut its 2024 adjusted earnings per share guidance to a range of $2.49 to $2.51, down from its previous forecast of $3.23 to $3.29. Analysts polled by Capital IQ had anticipated full-year adjusted EPS of $3.27.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}