Why Polaris Industries Stock Popped Today
Shares of Polaris Industries (NYSE: PII) climbed as much as 12.9% early Tuesday, then settled to a 5.8% gain at the close after the off-road vehicle specialist announced strong fourth-quarter 2019 results.
Quarterly sales climbed 7% year over year to $1.736 billion, translating to adjusted net income of $114.9 million, or $1.83 per share. That brought full-year 2019 adjusted earnings to $6.32 per share on a roughly 12% increase in sales to $6.783 billion. By comparison, Polaris' guidance provided in October called for lower full-year earnings of $6.20 to $6.30 per share on about the same revenue.
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Source Fool.com
