MEDINA, Minn. (AP) — MEDINA, Minn. (AP) — Polaris Inc. (PII) on Tuesday reported a loss of $303.6 million in its fourth quarter.
On a per-share basis, the Medina, Minnesota-based company said it had a loss of $5.34. Earnings, adjusted for non-recurring costs and asset impairment costs, were 8 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The snowmobile and ATV maker posted revenue of $1.92 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.84 billion.
For the year, the company reported a loss of $465.5 million, or $8.18 per share. Revenue was reported as $7.15 billion.
Polaris Inc expects full-year earnings in the range of $1.50 to $1.60 per share.
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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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