Polaris Lowers FY24 Sales, Adjusted Earnings Guidance To Reflect Decision To Cut Shipments And Expectations That Current Industry Challenges Remain In Place For Remainder Of The Year
Portfolio Pulse from Benzinga Newsdesk
Polaris has lowered its FY24 sales and adjusted earnings guidance due to a decision to cut shipments and expectations that current industry challenges will persist for the rest of the year.
July 23, 2024 | 10:06 am
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Polaris has revised its FY24 sales and adjusted earnings guidance downward. The company is cutting shipments and expects current industry challenges to continue throughout the year.
Polaris' decision to lower its sales and earnings guidance is a direct response to shipment cuts and persistent industry challenges. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100