January 28, 2014 / 11:32 AM / 4 years ago

Polaris Industries posts higher profit, sets 2014 forecast

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CHICAGO (Reuters) - Polaris Industries Inc (PII.N) posted a higher quarterly profit on Tuesday, helped by strong sales of its motorcycles and off-road vehicles.

The Minneapolis-based company said it had earned $108.7 million, or $1.56 a share, during the fourth quarter, up from $88.1 million, or $1.24 a share, a year earlier.

Sales rose 20 percent to $1.08 billion, Polaris said.

Polaris said it expected 2014 earnings from continuing operations to rise 14 percent to 18 percent to a range of between $6.17 and $6.37 a share.

Reporting by James B. Kelleher; Editing by Lisa Von Ahn

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