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Benzinga
Benzinga
Business
Adam Eckert

Why Generac Holdings Stock Is Charging Higher Today

Generac Generac Holdings Inc NYSE

Generac Holdings Inc (NYSE:GNRC) shares are trading higher Wednesday after the company reported better-than-expected financial results and raised its 2022 sales growth guidance. 

Generac said first-quarter revenue increased 41% year-over-year to $1.14 billion, which beat the $1.09 billion estimate. The power equipment company reported quarterly adjusted earnings of $2.09 per share, which beat the estimate of $1.94 per share, according to data from Benzinga Pro.

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