Automotive Manufacturer Polaris Shares Tumble On Q2 Earnings Miss And Guidance Cut Amid Inventory Focus
Portfolio Pulse from Nabaparna Bhattacharya
Polaris Inc. (NYSE:PII) shares fell after the company reported disappointing Q2 earnings and cut its guidance. The company missed analyst expectations for both earnings per share and sales, and lowered its full-year outlook due to inventory reduction efforts and ongoing industry challenges.
July 23, 2024 | 12:43 pm
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Polaris Inc. reported Q2 earnings that missed analyst expectations and cut its full-year guidance. The company is focusing on reducing dealer inventory, which has led to a significant drop in its stock price.
Polaris missed both earnings and sales expectations for Q2 and significantly lowered its full-year guidance. The focus on reducing dealer inventory and ongoing industry challenges are likely to negatively impact the stock in the short term.
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