Business / Investing
Add as a preferred source on GoogleThe premarket gain came before the Federal Reserve’s scheduled 2 p.m. ET rate announcement Wednesday.
Vertiv’s third-quarter revenue and fourth-quarter outlook beat expectations, while shares climbed nearly 17% in premarket trading Wednesday ahead of the Fed’s scheduled 2 p.m. ET rate announcement.
The company’s quarterly revenue and its outlook for the fourth quarter each exceeded market expectations. The premarket advance came before the Fed’s rate announcement, which was scheduled for 2 p.m. ET Wednesday.
His blended forecasts put the initial estimate at 3.24% and the eventual final figure at 3.15%. The Bureau of Economic Analysis is due to publish its first reading Thursday.
The Fed voted 10-2 to keep rates at 3.75% to 4% on Oct. 28, while Meta reported $34.91 billion in quarterly capital expenditures and outlined proposed stock offerings.
CNBC reported Boeing fell for a second session after Tuesday’s 10.7% drop, while GE Vernova shares weakened on comments that power orders could moderate in 2027.
