Que­bec Ski-Doo maker BRP shares hit ma­jor high

The Niagara Falls Review - - Business -

MON­TREAL — Shares of recre­ational prod­ucts maker BRP Inc. hit an all-time high Thurs­day af­ter the Que­bec-based com­pany raised its fi­nan­cial guid­ance for a sec­ond con­sec­u­tive quar­ter, as rev­enues surged in the sec­ond quar­ter driven by higher sales of off-road ve­hi­cles and wa­ter­craft. BRP shares peaked at $74.67 in early trad­ing on the Toronto Stock Ex­change and were up 7.2 per cent at $69.83 by early af­ter­noon. Ad­justed profit ex­clud­ing one-time items was $66.4 mil­lion or 66 cents per di­luted share, up from $22.9 mil­lion or 20 cents per di­luted share a year ago. BRP said rev­enue was nearly $1.21 bil­lion, up 18 per cent from $1.02 bil­lion a year ago.

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