Polaris Inc: Q2 Earnings Snapshot
MEDINA, Minn. (AP) — MEDINA, Minn. (AP) — Polaris Inc. (PII) on Tuesday reported second-quarter profit of $68.7 million.
The Medina, Minnesota-based company said it had net income of $1.21 per share. Earnings, adjusted for restructuring costs and amortization costs, came to $1.38 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.27 per share.
The snowmobile and ATV maker posted revenue of $1.96 billion in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $2.14 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PII at https://www.zacks.com/ap/PII