Sale of KTM stock boosts Polaris’ 2007 earnings guidance
March 8, 2007
Filed under Features
Thanks to the sale of 1.1 million shares of KTM stock, Polaris announced it’s increasing its previously issued guidance for full year 2007 earnings per share by $0.11 per share to a range of $2.91-$3.03 per diluted share, a 7-11 percent increase over the actual $2.72 earned in 2006.
First quarter 2007 earnings per share from continuing operations are now expected to be in the range of $0.32-$0.34 per diluted share compared to $0.26 earned in the first quarter of 2006.
The company also said that its previously issued guidance for 2007 sales growth remains unchanged and is expected to increase between 1-3 percent for the full year, and decrease 6-8 percent for the first quarter 2007 compared to the same periods in 2006.