* Q2 EPS $0.98 vs est $0.92
* Q2 rev up 24 pct
* Raises full-year EPS view to $4.05-$4.15
* Shares rise 5 pct in premarket trade
July 24 Polaris Industries Inc raised
its full-year forecast after strong sales of its off-road
vehicles boosted second-quarter results.
Minneapolis-based Polaris also said it will form a joint
venture with India's Eicher Motors Ltd to design and
make personal vehicles in emerging markets.
The companies will jointly invest about $50 million in the
project. Production is expected to start in 2015, Polaris said.
Polaris, which also makes snowmobiles and motorcycles,
forecast 2012 earnings of $4.05 to $4.15 per share, up from its
prior forecast of $3.85 to $4.00 per share.
The company expects full-year sales to rise 14 to 17
percent, up from its previous revenue growth forecast of 10 to
For the second quarter, off-road vehicles sales rose 20
percent to $581.1 million, driving revenue up 24 percent to
The company's off-road vehicles are used in sports such as
fishing and hunting as well as in farms, ranches and
Polaris competes with Harley Davidson, Honda Motor
Co, Yamaha Motor Corp, Suzuki Motor Corp
and Arctic Cat Inc.
Quarterly earnings rose to $69.8 million, or 98 cents per
share from $48.7 million, or 68 cents per share a year ago.
Analysts on average had expected earnings of 92 cents per
share on revenue of $720.8 million, according to Thomson Reuters
The company's shares were up 5 percent at $75.60 in
premarket trade. They closed at $71.92 on Monday on the New York