BRP raises guidance as it reports higher third-quarter profit, revenue [Business News Network (BNN) Energy & Resources (Canada)]
BRP Inc. - Common Subordinate Voting Shares (DOOO)
Company Research
Source: Business News Network
BRP raises guidance as it reports higher third-quarter profit, revenue VALCOURT, Que. -- BRP Inc. raised its financial guidance as it reported a third-quarter profit of $135.3 million, up from $90.2 million in the same quarter last year. The maker of Ski-Doo snowmobiles and Sea-Doo watercraft says the profit amounted to $1.49 per diluted share for the quarter ended Oct. 31, up from 92 cents per diluted share a year earlier. Revenue totalled $1.64 billion, up from $1.39 billion in the same quarter last year. BRP says its normalized earnings per share came in at $1.51 per diluted share, up from $1.04 per diluted share a year ago. Analysts on average had expected a profit of $1.31 per share on nearly $1.51 billion in revenue, according to financial markets data firm Refinitiv. In its outlook, BRP says it now expects full-year revenue to grow 12 to 14 per cent compared with the earlier guidance for growth of 10 to 13 per cent. Full-year normalized earnings per diluted share are expected t
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