Generac Holdlings Inc. (GNRC) on Wednesday reported fourth-quarter profit of $49.4 million.
The Waukesha, Wisconsin-based company said it had profit of 70 cents per share. Earnings, adjusted for pretax expenses and amortization costs, came to 98 cents per share.
The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.
The generator maker posted revenue of $404 million in the period, also surpassing Street forecasts. Analysts expected $360.7 million, according to Zacks.
For the year, the company reported profit of $174.6 million, or $2.49 per share. Revenue was reported as $1.46 billion.
Generac Holdlings shares have risen nearly 2 percent since the beginning of the year. The stock has declined 5 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GNRC at http://www.zacks.com/ap/GNRC
Keywords: Generac Holdlings, Earnings Report