(RTTNews) – Polaris Inc. (PII) inventories peaked at $107.99 on Tuesday morning after the company reported better-than-expected second-quarter effects and revived its forecast for the entire year 2020. The inventory has been trading between $37.35 and $107.99 over the past year and lately is quoted at $107.07, up to $9.10 or 9.29% on Tuesday morning.
Fixed net loss quarter $235.4 million, or $3.82 consistent with a consistent percentage, compared to a profit of $88.2 million or $1.42 consistent with a consistent percentage last year.
Adjusted earnings consistent with a consistent percentage were $1.30 compared to $1.73 last year. On average, 15 analysts surveyed through Thomson Reuters expected the company to report consistent earnings with a consistent percentage of $0.63 for the quarter. Analyst estimates exclude special items.
Second quarter sales were $1.51 billion, 15 percent less than reported sales of $1.78 billion last year. Analysts had predicted $1.37 billion for the quarter.
The company has restarted its sales and adjusted profit forecast for the whole year 2020. Adjusted earnings consistent with a consistent percentage are expected to be between $6.40 and $6.60. Sales are now expected to be between $6.65 billion and $6.750 billion. Wall Street analysts estimate earnings of $3.88 consistent with a consistent profit percentage of $6.1 billion for fiscal 2020.