MEDINA, Minn. (AP) _ Polaris Industries Inc. (PII) on Tuesday reported fourth-quarter profit of $198.8 million.
The Medina, Minnesota-based company said it had net income of $3.15 per share. Earnings, adjusted for amortization costs and non-recurring costs, came to $3.34 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.85 per share.
The snowmobile and ATV maker posted revenue of $2.16 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $2.1 billion.
For the year, the company reported profit of $124.8 million, or $1.99 per share. Revenue was reported as $7.03 billion.
Polaris Industries expects full-year earnings in the range of $8.45 to $8.75 per share, with revenue in the range of $7.95 billion to $8.15 billion.
Polaris Industries shares have increased 25% since the beginning of the year. The stock has increased 29% 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
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