Polaris Industries Inc (PII.N) reported a better-than-expected earnings increase on Thursday as deep cost cuts outpaced declines in sales. It also said it was gaining share in key markets.


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The U.S. maker of all-terrain vehicles, snowmobiles and motorcycles reported a fourth-quarter net profit of $43.9 million, or $1.31 per share, compared with $36.3 million, or $1.11 per share, during the comparable quarter last year. Sales fell 10 percent to $471.8 million. Parts, clothing and accessories were the only segment to increase revenues.

Polaris beats forecasts, gains market share