Generac shares are trading lower following worse-than-expected Q2 results and said it now anticipates lower residential product sales during the second half.
Portfolio Pulse from Benzinga Newsdesk
Generac shares are trading lower after the company reported worse-than-expected Q2 results. The company also anticipates lower residential product sales during the second half of the year.
August 04, 2023 | 11:16 am
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NEGATIVE IMPACT
Generac's worse-than-expected Q2 results and lower sales forecast for H2 are negatively impacting its stock price.
Generac's Q2 results fell short of expectations, which is a negative signal to investors. Additionally, the company's forecast of lower residential product sales in H2 suggests potential revenue decline, further dampening investor sentiment and putting downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100