MEDINA, Minn. (AP) _ Polaris Industries Inc. (PII) on Tuesday reported first-quarter earnings of $48.4 million.
The Medina, Minnesota-based company said it had net income of 78 cents per share. Earnings, adjusted for amortization costs and restructuring costs, were $1.08 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.
The snowmobile and ATV maker posted revenue of $1.5 billion in the period, which matched Street forecasts.
Polaris Industries expects full-year earnings in the range of $6.05 to $6.30 per share.
Polaris Industries shares have increased 29 percent since the beginning of the year. The stock has declined 18 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