Polaris Industries: 2Q Earnings Snapshot
MEDINA, Minn. (AP) _ Polaris Industries Inc. (PII) on Tuesday reported second-quarter earnings of $88.3 million.
The Medina, Minnesota-based company said it had profit of $1.42 per share. Earnings, adjusted for amortization costs and restructuring costs, were $1.73 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.
The snowmobile and ATV maker posted revenue of $1.78 billion in the period, matching Street forecasts.
Polaris Industries expects full-year earnings to be $6.10 to $6.30 per share.
Polaris Industries shares have increased almost 8% since the beginning of the year. The stock has declined 32% in the last 12 months.