Polaris Reports 2018 Third Quarter Results
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Longbow Research Remains Sidelined on Polaris Industries (PII) Following 3Q Report
October 23, 2018 7:02 AM EDTLongbow Research analyst, David MacGregor, reiterated a Neutral rating on Polaris Industries (NYSE: PII) following the company's 3Q earnings beat. PIIs adjusted EPS beat consensus estimates driven by $0.36 of EPS adjustments.
Longbow Research lowered 4Q18 estimate to $1.72 (-$0.32) to reflect the... More
Polaris Industries (PII) Tops Q3 EPS by 29c; Reiterates FY18 EPS Outlook
October 22, 2018 6:03 AM EDTPolaris Industries (NYSE: PII) reported Q3 EPS of $1.86, $0.29 better than the analyst estimate of $1.57. Revenue for the quarter came in at $1.65 billion versus the consensus estimate of $1.65 billion.
Q3 2018 Highlights
Reported and adjusted sales for the third quarter of 2018 increased 12% to $1,651 million and $1,653 million, respectivelyReported net income was $1.50 per diluted share, up 17% over the prior year; adjusted net income for the same period was $1.86 per diluted share, up 22% over the prior yearNorth American retail sales increased 1% for the quarter compared to a strong 13% increase last year; ORV N.A. retail sales... More