Polaris Industries: 2Q Earnings Snapshot
MEDINA, Minn. (AP) _ Polaris Industries Inc. (PII) on Wednesday reported second-quarter earnings of $92.5 million.
On a per-share basis, the Medina, Minnesota-based company said it had profit of $1.43. Earnings, adjusted for restructuring costs and amortization costs, came to $1.77 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.62 per share.
The snowmobile and ATV maker posted revenue of $1.5 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $1.46 billion.
Polaris Industries expects full-year earnings in the range of $6.48 to $6.58 per share.
Polaris Industries shares have declined 3 percent since the beginning of the year. The stock has climbed 29 percent in the last 12 months.