2023-05-03 07:25:14 ET
Generac ( NYSE: GNRC ) rose in premarket trading Wednesday after reporting a first-quarter profit and sales that beat the average estimates among Wall Street analysts. Shares in the maker of backup generators and solar equipment advanced 5.1% by 7:20 a.m. ET.
Revenue fell 22% from a year earlier to $887.9, compared with the average estimate of $850.1 million.
EPS adjusted for one-time items of $0.63 beat the consensus estimate of $0.50 for Q1.
More on Generac
- Generac downgraded to Underperform at Bank of America; stock falls
- Generac downgraded to Hold at Truist Securities on economic risks
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Generac’s stock rises after profit, sales beat estimates