Generac Holdings Inc. shares were falling more than 3% in premarket trading Wednesday after the company, which sells generators and other backup power...
Generac Holdings Inc. shares GNRC were falling more than 3% in premarket trading Wednesday after the company, which sells generators and other backup power systems, reported mixed quarterly results and called out a softer consumer landscape. The company logged second-quarter net income of $45 million, or 70 cents a share, compared with $156 million, or $2.21 a share, in the year-prior quarter. On an adjusted basis, Generac earned $1.08 a share, down from $2.
The company logged second-quarter net income of $45 million, or 70 cents a share, compared with $156 million, or $2.21 a share, in the year-prior quarter. On an adjusted basis, Generac earned $1.08 a share, down from $2.86 a share a year before, while analysts tracked by FactSet were modeling $1.16 a share. Net sales fell to $1.00 billion from $1.29 billion, while analysts had been anticipating $980 million.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
MicroStrategy Books Impairment Charge of $24.1M on Massive Bitcoin Holdings in Q2.MicroStrategy posted an impairment charge of $24.1 million on its massive bitcoin (BTC) holdings in the second quarter, compared to $917.8 million in the year-ago quarter and an $18.9 million charge in Q1. By NelWang
Les mer »
Nails Inc. & Froot Loops Just Dropped a Scented Nail Polish Line: Shop the Fruity Shades HereShow some love for your favorite cereal with these Froot Loops-inspired nail polish. Shop the collection now.
Les mer »
Shares of RV retailer Camping World Holdings fall after results miss estimatesShares of Camping World Holdings Inc. fell after hours on Tuesday after the RV retailer reported second-quarter results that missed expectations. The company...
Les mer »
Ripple Unveils Its Total XRP Holdings: ReportRipple Labs has published its second quarter (Q2) report with detail on its XRP holdings
Les mer »
Japan's Nomura Q1 net profit jumps on strong domestic stock marketNomura Holdings Inc , Japan's biggest brokerage and investment bank, on Tuesday reported a jump in first-quarter net profit, driven by a strong stock market performance at home.
Les mer »