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Polaris posts better than expected 3rd-qtr profit

Snowmobile and motorcycle maker Polaris Industries Inc (PII.N: Quote, Profile, Research) on Tuesday posted a stronger-than-expected quarterly profit as dealer inventories of all-terrain vehicles fell and new products sold well.

Net income in the third quarter fell to $38.8 million, or $1.06 a share, compared with $42.5 million, or $1.03 a share, in the year-earlier quarter. The number of shares in the most recent quarter was lower than a year before.

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