Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Polaris posts favorable Q3 results despite hits from tariffs, exchange rates

 

October 23, 2019

Polaris reported increases in profit for the third quarter but narrowed guidance.

As tariff costs continue to affect Polaris' bottom line, CEO Scott Wine said the company expects the Trump administration to look at its exemption requests soon. But if it does not happen, he will continue to explore options such as relocating some of its productions overseas.

While the off-road vehicle maker beat Wall Street expectations and raised its 2019 guidance Tuesday, it reported an 11% drop in third-quarter adjusted earnings because of extra tariff costs, negative foreign-exchange rates and other restructuring costs.

http://www.startribune.com/polaris-stock-rises-on-solid-3q-results-upbeat-outlook/563622722/

 

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