Thursday, Polaris Industries Inc. (PII) said its third-quarter net income decreased to $31.17 million or $0.94 per share from $37.69 million or $1.13 per share in the prior year period. On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $0.85 per share for the quarter.
Sales for the quarter declined to $436.19 million from $580.28 million in the comparable period. Analysts estimated revenues of $423.13 million for the quarter.
The company expects fourth-quarter 2009 earnings in the range of $1.19 - $1.25 per share with sales to be down 12% - 17% from the fourth quarter of 2008. Analysts estimate earnings per share of $1.13 per share and revenues of $448.10 million for the quarter. Full-year 2009 earnings are now anticipated to be in the range of $2.92 - $2.98 per share, compared with the prior guidance of $2.70 - $2.90 per share. Sales for the full year 2009 are currently projected to decline in the range of 20% - 22%. Earlier, the company expected fiscal 2009 sales to drop between 20% and 25%. Analysts estimate earnings per share of $2.77 per share on revenues of $1.53 billion for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.