UPDATE: Polaris Industries Q4 Profit Rises 17%

Polaris Industries Inc

reported a 17% surge in its fourth-quarter earnings. Polaris Industries projects new fiscal-year earnings of $3.65 to $3.80 per share, versus analysts' estimates of $3.77 per share. Polaris Industries' quarterly profit rose to $63.9 million, or $0.90 per share, from $54.5 million, or $0.78 per share, in the year-ago period. Its sales surged 26% to $782 million. However, analysts were expecting earnings of $0.88 per share on revenue of $753 million. Polaris Industries shares fell 5.89% to $59.00 in pre-market trading.