MEDINA, Minn. _ Polaris Industries Inc. (PII) on Monday reported third-quarter net income of $95.5 million.
On a per-share basis, the Medina, Minnesota-based company said it had profit of $1.50. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $1.86 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.
The snowmobile and ATV maker posted revenue of $1.65 billion in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $1.64 billion.
Polaris Industries expects full-year earnings in the range of $6.48 to $6.58 per share.
Polaris Industries shares have fallen 27 percent since the beginning of the year. The stock has decreased 15 percent in the last 12 months.
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