06:27 AM EST, 12/06/2024 (MT Newswires) -- BRP (DOOO) reported fiscal Q3 normalized earnings Friday of 1.16 Canadian dollars ($0.83) per diluted share, down from CA$3.24 a year earlier.

Analysts surveyed by FactSet expected CA$0.68.

Revenue for the quarter ended Oct. 31 was CA$1.96 billion, compared with CA$2.37 billion a year earlier.

Analysts surveyed by FactSet expected CA$1.9 billion.

The company said it expects fiscal 2024 normalized EPS of CA$4.25 to CA$4.75, compared with the prior outlook of CA$2.75 to CA$3.25. Analysts surveyed by FactSet expect CA$3.13.

Revenue for the fiscal year is now projected to be CA$7.6 billion to CA$7.8 billion, lower than the prior outlook of CA$7.8 billion to CA$8 billion. Analysts surveyed by FactSet expect CA$8.03 billion.

The company maintained a quarterly dividend of CA$0.21 per share, payable Jan. 14 to shareholders of record on Dec. 31.