** Shares of powersport vehicles maker Polaris PII.N up 12.8% to $56.84 after top and bottom line results surpass Wall Street's expectations

** PII shares rise as much as 23.8% to $61.28, highest since Dec

** Medina, Minnesota-based firm early Tues posted Q2 sales of $1.85 bln, down 6% yr/yr, but above analysts' estimate of $1.72 bln, per LSEG data

** Adj EPS in qtr was 40 cents while analysts had modeled for break-even

** Sales in qtr impacted by lower volumes due to planned shipment reductions, negative product mix and lower net pricing driven by higher promotional spend, co said in the statement

** Looking ahead, co introduced Q3 sales guidance of $1.6-$1.8 bln, but said continues to withhold FY25 guidance due to trade and economic uncertainty

** With move on Tues, stock down ~3% YTD

** Of 16 analysts covering PII, recommendation breakdown is 2 "strong buy", 12 "hold" and 2 "sell" or "strong sell" ratings; median PT is $41, latest LSEG data reflects

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))