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Electrical Systems Sector Surges Amid Tech Demand
Published 4 days, 8 hours ago
Description
Electrical systems firms delivered solid Q1 earnings, beating revenue forecasts by 3.4% as IoT and 5G fuel demand. Vertiv surged 30% YoY to $2.65B, exceeding guidance. Whirlpool stumbled, missing targets and dropping 27% since reporting. Sanmina dominated with revenue doubling to $4.01B, crushing estimates by 22%. The sector shows resilience despite uneven individual performances.
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