BUZZ-Generac shares fall as quarterly sales miss expectations
路透社2026/10/28 10:49October 28 - ** Generac (GNRC.N) shares fell about 4% premarket to $186.50
** The power equipment manufacturer’s third-quarter net sales increased 16% to $1.29 billion—below the expected $1.32 billion
** Commercial and industrial segment revenue rose 28% year-on-year, residential segment revenue increased 9%
** According to data compiled by LSEG, third-quarter adjusted earnings per share were $2.54, below analysts' average estimate of $2.43
** GNRC maintained its FY2026 guidance: net sales growth rate in the 15%-20% range, net profit margin before non-controlling interests at about 9%-10%
** As of the close of the previous trading day, the stock had gained about 42% year-to-date
(To facilitate non-native English speakers, Reuters provides automated translations of its reports in several additional languages. As automated translation may contain errors or not fully capture the context, Reuters does not guarantee the accuracy of the translated text, which is provided solely for the convenience of readers. Reuters accepts no liability for any damages or losses caused by using the automated translation function.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Updated: HF Sinclair Sets Record Quarterly Profit and Appoints New CEO
Top Premarket Gainers
2 Events This Week Could Decide a Record for the S&P 500

BUZZ - HF Sinclair boosted by record profits and CEO change