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Vertiv Revenue and Outlook Beat Expectations as Shares Jump Before Fed

Shares rose nearly 17% before the open, with the Federal Reserve's 2 p.m. ET rate decision still ahead.

Morning light falls across the Federal Reserve’s stone facade / TokenPost.ai
Morning light falls across the Federal Reserve’s stone facade / TokenPost.ai

Vertiv shares rose nearly 17% before the U.S. market opened after third-quarter revenue and the company's fourth-quarter outlook both exceeded market expectations, with the Federal Reserve's rate decision due later Wednesday.

In a premarket snapshot, Dow Jones futures gained 0.04%, S&P 500 futures rose 0.23% and Nasdaq-100 futures advanced 0.42%.

The Federal Reserve was scheduled to announce its interest-rate decision at 2 p.m. ET Wednesday (18:00 UTC).

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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