A number of stocks fell in the afternoon session after the major indices continued to pull back, with technology stocks accounting for most of the market's largest decliners.
Power generation products company Generac (NYSE:GNRC) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 6.3% year on year to $1.06 billion. Its non-GAAP profit of $1.65 per share was 24.6% above analysts’ consensus estimates.
Mid-cap stocks often strike the right balance between having proven business models and market opportunities that can support $100 billion corporations.
However, they face intense competition from scaled industry giants and can be disrupted by new innovative players vying for a slice of the pie.
Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. Still, their generally high capital requirements expose them to the ups and downs of economic cycles,
and the industry’s six-month return of 3.7% has fallen short of the S&P 500’s 5.3% rise.
Let's delve into the developments on the US markets one hour before the close of the markets on Wednesday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
Shares of power generation products company Generac (NYSE:GNRC)
jumped 14.7% in the afternoon session after the company reported second-quarter results that surpassed analyst expectations and raised its full-year profit margin guidance.
Power generation products company Generac (NYSE:GNRC) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 6.3% year on year to $1.06 billion. Its non-GAAP profit of $1.65 per share was 24.6% above analysts’ consensus estimates.
