Polaris Swings to Q1 Loss, Revenue Falls; Q2 Revenue Outlook Set

MT Newswires Live
04-29

Polaris (PII) reported a Q1 adjusted loss Tuesday of $0.90 per share, swinging from earnings of $0.23 a year earlier.

Analysts polled by FactSet expected a loss of $0.91.

Revenue for the quarter ended March 31 was $1.54 billion, down from $1.74 billion a year earlier.

Analysts surveyed by FactSet also expected $1.54 billion.

The company expects Q2 sales of $1.6 billion to $1.8 billion.

Analysts polled by FactSet expect $1.84 billion.

Polaris withdrew its full-year guidance due to trade and economic uncertainty.

Shares of the company were up 7% in recent Tuesday premarket activity.

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