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Generac gains on a solid Q2 earnings beat; raises guidance for a second time

  • Generac Holdings (GNRC +4.5%) moves up after easily beating Q2 estimates this morning.
  • Revenues were up 45% from the same quarter last year.
  • The company raises guidance for a second time, now expecting FY13 revenues to increase in the low 20% range, up from the previous growth guidance of low-to-mid teens rate.
  • For H2, net sales are now projected to increase in the mid-single digit range as compared to the prior-year second-half.
  • Despite the upbeat forecast, the company cautions that its facing a big hurdle from last years "very strong" H212 comps.
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