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PII - Polaris Industries Rides Higher Off-Road Sales to Big Gains
Polaris Industries Inc.
Polaris Industries(NYSE: PII) was unable to overcome the strong snowmobile sales performance of a year ago, as sales tumbled 10% year over year, but healthy off-road vehicle sales and surprisingly robust Indian Motorcycle sales helped the powersports vehicle maker post a positive fourth-quarter earnings report.
Revenue of $1.7 billion, just shy of analyst expectations, was up 6.7% from last year while profits of $1.83 per share easily beat Wall Street's forecast of $1.78 per share, even though the results were flat year over year.