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What: Shares of recreational vehicle manufacturer Polaris Industries
So what: Polaris hit the earnings trifecta, beating estimates on revenue, earnings per share, and guidance. Revenue rose 49% to $537.2 million, and earnings per share beat the $0.70 analysts expected at $1.34. The company also expects sales to improve 17% to 20% in 2011 and earnings per share to be between $5.53 and $5.68.
Now what: Polaris was also busy on the acquisition front, announcing that it was buying the legendary Indian Motorcycle from a private equity firm. The company obviously has a lot of confidence for the year, and given the strong results, so do I. I would like the stock to cool off a bit before jumping in, but the momentum keeps getting stronger as the day goes on. The ride higher should be a long-term trend for Polaris.
Interested in more info on Polaris Industries? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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