nVent Electric PLC

NVT: XNYS (USA)
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NVent Earnings: Results Outperformed Prior Guidance, but Expectations Were Too Stretched

NVent reported a solid third quarter, exceeding expectations on both the top and bottom lines. Revenue increased to $1.51 billion, up 44% on both a reported and organic basis, while adjusted operating margin increased by 190 basis points to 22.1%. Despite the results, the stock declined 6%.

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