Polaris (PII) Q3 Earnings Beat Estimates with $1.08 Per Share, Revenue of $2.04 Billion

Polaris Inc. (PII) reported third-quarter earnings of $38.4 million, or 66 cents per share, on Tuesday, surpassing Wall Street expectations. Adjusted for non-recurring and amortization costs, earnings came to $1.08 per share, beating the 62-cent average estimate of five analysts surveyed by Zacks Investment Research. The Medina, Minnesota-based snowmobile and ATV maker posted revenue of $2.04 billion, also exceeding Street forecasts of $1.92 billion from four Zacks analysts. The company expects full-year earnings in the range of $3.50 to $3.60 per share.