06:37 AM EDT, 05/31/2024 (MT Newswires) -- BRP (DOOO) reported fiscal Q1 normalized earnings Friday of CA$0.95 ($0.70) per diluted share, down from CA$2.38 a year earlier.

Analysts polled by Capital IQ expected CA$0.94.

Revenue for the quarter ended April 30 was CA$2.03 billion, compared with CA$2.43 billion a year earlier.

Analysts surveyed by Capital IQ expected CA$2.01 billion.

The company said it expects lower fiscal-year 2025 normalized earnings of CA$6 to CA$7 per diluted share, compared with CA$7.25 to CA$8.25 anticipated earlier. Analysts polled by Capital IQ expect CA$7.80.

The company also expects lower revenue for the year of CA$8.6 billion to CA$8.9 billion, compared with CA$9.1 billion to CA$9.5 billion previously. Analysts surveyed by Capital IQ expect CA$9.33 billion.

The company maintained a quarterly dividend of CA$0.21 per share, payable on July 12 to shareholders of record on June 28.

BRP shares fell more than 6% in premarket trading.

Price: 62.42, Change: -3.94, Percent Change: -5.94