MINNEAPOLIS (AP) — Polaris Industries Inc. reported Tuesday that its net income jumped 23 percent on improved sales of off-road vehicles and motorcycles. But shares of the Minneapolis -based company fell on a disappointing forecast for 2014. Polaris earned $108.7 million , or $1.56 per share, up from $88.1 million , or $1.24 per share, in its fourth quarter of the prior year. Total revenue increased to $1.08 billion from $900.6 million . Analysts polled by FactSet were anticipating earnings of $1.55 per share on revenue of $1.06 billion . Full-year net income was $377.3 million , or $5.35 per share, on sales of $3.78 billion . The company said it expects earnings from continuing operations between $6.17 and $6.37 per share for 2014. Analysts had forecast earnings of $6.67 per share. Polaris said that it expects its 2014 revenue will increase 11 to 14 percent over 2013. This calculates to a forecast of $4.19 billion to $4.31 billion , versus analyst forecasts of $4.31 billion . Shares fell nearly 4 percent to $127.19 by midmorning amid a market uptick.
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