Generac Earnings Jump 71% Amid Strong Demand For Backup Power

Power-backup systems maker Generac (GNRC) reported stronger-than-expected second-quarter earnings early Wednesday, as demand picks up amid wildfires, hurricanes and other disasters. Generac stock sank but pared losses.

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Generac Earnings Estimates: FactSet consensus was for Generac earnings per share of $2.31, 65% above the year-ago quarter, with sales up 59% to $867 million. Results: Generac…

The post Generac Earnings Jump 71% Amid Strong Demand For Backup Power appeared first on Investor’s Business Daily.

Source: https://www.investors.com/stock-lists/stock-spotlight/generac-stock-generac-earnings-q2-2021/

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