Polaris beats Street, raises full-year outlook
Oct 18 (Reuters) - All-terrain vehicle maker Polaris Industries Inc's quarterly results beat analysts' estimates, helped by strong demand in North America, and it raised its full-year forecast.
The company now expects 2012 earnings of $4.32 to $4.37 per share, up from its prior forecast of $4.05 to $4.15.
Net income rose to $94.3 million, or $1.33 per share, in the third quarter, from $67.6 million, or 95 cents per share, a year earlier. Revenue increased 21 percent to $879.9 million.
North American retail sales rose more than 10 percent.
Analysts had expected earnings of $1.20 per share on revenue of $830.5 million, according to Thomson Reuters I/B/E/S.
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