06:42 AM EDT, 10/23/2024 (MT Newswires) -- Vertiv Holdings Co ( VRT ) reported Q3 adjusted earnings Wednesday of $0.76 per diluted share, up from $0.52 a year earlier.

Analysts polled by Capital IQ expected $0.69.

Net sales for the quarter ended Sept. 30 were $2.07 billion, up from $1.74 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.98 billion.

Vertiv ( VRT ) said it expects Q4 adjusted earnings of $0.80 to $0.84 per diluted share on net sales of $2.12 billion to $2.17 billion. Analysts surveyed by Capital IQ expect $0.75 and $2.16 billion, respectively.

The company increased its 2024 adjusted diluted EPS guidance to $2.66 to $2.70, from $2.47 to $2.53. Analysts surveyed by Capital IQ expect $2.52.

Net sales for the year are now projected to be $7.78 billion to $7.83 billion, compared with its previous guidance of $7.59 billion to $7.74 billion. Analysts polled by Capital IQ are looking for $7.76 billion.

Vertiv's ( VRT ) share price fell 9% in recent premarket activity on Wednesday.

Price: 102.38, Change: -10.09, Percent Change: -8.97