Polaris Industries (NYSE:PII) reported first quarter earning much above analysts' expectations and its share was traded more than 20 % higher.
As per figures, it has reported earning of $1.34 per share, while the consensus estimate was just $0.70 per share nearly doubled. Revenue was up 49% to $537.2 on YoY basis. it has raised full year guidance and expecting to earn between $ 5.53 and $ 5.68 per share vs the current estimate of just $ 4.84 per share, with increase in revenue between 17%-20% over 2010.
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