Polaris Beats Q4 Earnings Estimate Despite Profit Decrease

Polaris has announced that its Q4 profit decreased in 2024, with revenue for the period falling 23.3% versus the previous year. Despite the decrease, the company still beat the Street’s estimates by 2 cents per share, reporting an adjusted revenue of $52.30 million, or $0.92 per share.

According to NASDAQ, experts were predicting earnings of around $0.90 per share.

Polaris’ revenue for the period was marked at $1.755 billion, a 23.3% decrease from $2.289 billion over the same period in 2023. The company’s bottom line, its profit, in other words, was reported at $10.60 million, a decrease from $103.40 million last year.

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