Vertiv (VRT) had one of its roughest earnings days this week.
Its stock fell about 17% on July 29.
The AI infrastructure company's second-quarter earnings beat expectations, but its revenue fell short of Wall Street's expectations, and that was enough to sink the stock.
Then the company's CEO went on television and told investors to calm down.
"This is a temporary issue," Giordano Albertazzi said on CNBC's "Mad Money." "Nothing has changed in the long term of our trajectory."
#earnings #expectations #vertiv #albertazzi
Its stock fell about 17% on July 29.
The AI infrastructure company's second-quarter earnings beat expectations, but its revenue fell short of Wall Street's expectations, and that was enough to sink the stock.
Then the company's CEO went on television and told investors to calm down.
"This is a temporary issue," Giordano Albertazzi said on CNBC's "Mad Money." "Nothing has changed in the long term of our trajectory."
#earnings #expectations #vertiv #albertazzi
3 months ago