Generac Holdings beats Street 3Q forecasts

Generac Holdings Inc. (GNRC) on Wednesday reported third-quarter earnings of $39.7 million.

The Waukesha, Wisconsin-based company said it had net income of 64 cents per share. Earnings, adjusted for non-recurring costs, came to 93 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.

The generator maker posted revenue of $457.3 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $422.6 million.

Generac Holdings shares have risen 28 percent since the beginning of the year. The stock has risen 37 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GNRC at https://www.zacks.com/ap/GNRC