Investing.com - Generac reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Generac announced earnings per share of $1.75 on revenue of $1.09B. Analysts polled by Investing.com anticipated EPS of $1.83 on revenue of $1.14B.
Generac shares are down 53% from the beginning of the year and are trading at $114.70 , down-from-52-week-high.
Generac follows other major Industrials sector earnings this month
Generac's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on October 25 with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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