Generac Holdings Inc. (GNRC) reported third quarter adjusted net income of $0.78 per share Wednesday morning, up from $0.75 per share in the prior year. The consensus estimate was for EPS of $0.71. The company also increased its full year adjusted EPS forecast to between $2.95 and $3.00, from prior expectations of $2.65 to $2.70. The consensus estimate is for EPS of $2.66.
Generac Holdings gapped open sharply higher Wednesday morning and is now up 4.52 at $32.85 on above average volume. The stock has broken out past resistance and has set a new high for the year.
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