Tuesday, 17 July 2012

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Fueled by sales increases in the side-by-side vehicle market, Polaris Industries bucked the trend by posting a 51% increase in third-quarter earnings compared to the same period last year. Overall sales grew 33% to $580.1 million while the Medina, Minnesota-based company posted earnings of $47.2 million, or a record $1.37 per diluted share. The results beat estimates by analysts, who had forecasted earnings per share of $1.14 and sales of $522.1 million.

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