Why Polaris Stock Popped 10% This Morning
Shares of ATV- and motorcycle-maker Polaris (NYSE: PII) jumped 10% out of the gate this morning and are holding on to most of those gains as we pass noonday. In 1:35 p.m. EDT trading, Polaris shares are still up a healthy 7.7% in response to a significantly better than expected second-quarter earnings report.
Heading into earnings day, analysts had forecast that Polaris would earn $0.63 per share (pro forma) on sales of $1.4 billion. In fact, Polaris earned more than twice that -- $1.30 per share -- and on sales of $1.5 billion.
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Source Fool.com
