Why Generac Holdings Stock Dropped Today

·2-min read
Why Generac Holdings Stock Dropped Today

Leading home backup-generator manufacturer Generac Holdings (NYSE: GNRC) reported its second-quarter 2021 results today, and there were several areas of good news. Generac exceeded analyst estimates with sales of $920 million, which was 68% above the prior-year period. Earnings were also above expectations with adjusted net income of $2.39 per share versus $2.35, according to Zack's consensus estimate.

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