Generac Earnings Power Down Due to a Customer Bankruptcy and Product Warranty Issues
Generac Holdings (NYSE: GNRC), which manufactures backup power generators and other energy technology solutions, closed Wednesday's trading session down 7.8% following the release of a weak third-quarter report. A fair portion of that decline was likely due to market dynamics, as the broader market was notably down, too.
The quarter's top- and bottom-line results and the company's significantly lowered full-year guidance were in line with the preliminary results it released on Oct. 19. In other words, the key numbers didn't come as a surprise to investors who follow the company. Wednesday's report, however, contained much more data.
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Source Fool.com
