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Actionable news in PII: POLARIS INDUSTRIES Inc,

Polaris (PII) Stock Stumbles, Slashes Full-Year Profit Guidance

NEW YORK (TheStreet) -- Shares of Polaris Industries (PII) were dropping 7.79% to $74.56 on heavy trading volume mid-morning Monday after the company cut its full-year profit forecast.

The Medina, MN-based manufacturer of off-road vehicles now sees 2016 earnings per share between $3.30 and $3.80, which is $2.50 to $2.70 per share lower than its prior expectations.

Analysts are looking for full-year earnings of $6.01 per share.

Polaris also expects total full-year sales to be down in the mid to high-single digit percent range...