Polaris shares surge 11% as Indian Motorcycle spin-off boosts profit outlook

Core Viewpoint - Shares of Polaris increased by over 11% following the announcement of the spin-off of its Indian Motorcycle division and a projected third-quarter profit that exceeds Wall Street expectations [1] Company Summary - Polaris is a US power-sports vehicle manufacturer that has decided to spin off its Indian Motorcycle division, indicating a strategic shift in its business operations [1] - The company has projected a third-quarter profit that surpasses Wall Street's expectations, which has positively influenced its stock performance [1] Market Reaction - The announcement led to a significant rise in Polaris's stock price, reflecting investor confidence in the company's strategic decisions and financial outlook [1]