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home / news releases / GNRC - Why Generac Stock Tumbled Today


GNRC - Why Generac Stock Tumbled Today

2023-08-02 14:01:43 ET

Shares of Generac (NYSE: GNRC) , which makes power generators for homes and businesses, were pulling back today after the company missed the mark on the bottom line in its second-quarter earnings report and cut its guidance for the full year.

As a result, the stock was down 24.4% as of 1:21 p.m. ET.

Revenue in the quarter fell 23%, or 26% excluding the impact of acquisitions and currency exchange, to $1 billion, though that still topped estimates at $977.1 million.

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Why Generac Stock Tumbled Today
Stock Information

Company Name: Generac Holdlings Inc.
Stock Symbol: GNRC
Market: NYSE
Website: generac.com

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