During Wednesday’s trade, Shares of Polaris Industries Inc. (NYSE:PII), lost -9.27% to $108.99.
Polaris Industries, stated record third quarter net income of $155.2 million for the quarter ended September 30, 2015, an improvement of ten percent from the preceding year’s third quarter net income of $140.8 million. Earnings per share were a record $2.30 per diluted share for the third quarter of 2015 contrast to $2.06 per diluted share for the same period in 2014. Sales for the third quarter 2015 totaled a record $1,456.0 million, an improvement of 12 percent over last year’s third quarter sales of $1,302.3 million.
“Our record third quarter results continue to reflect the efficacy of our long-term strategy and the resiliency of the Polaris organization, as motorcycle growth accelerated, ORV share gains continued and our developing adjacencies built momentum. We accomplished this in a difficult environment, with the combination of weakening currencies and softening economies adding to the pressure we face from the sluggish oil and agriculture markets, all in the midst of the most competitive powersports landscape we have seen in nearly a decade. It is encouraging to see our Polaris team use these challenging times to get better and stronger, while displaying renewed determination to win across all our markets,” stated Scott Wine, Polaris’ Chairman and Chief Executive Officer. “After our people, arguably our strongest asset is our innovative culture, which spurred the delivery of 15 new vehicles to our unsurpassed ORV armada and drove the introduction of hundreds of new PG&A items. We remain committed to being the leading innovator in our space.”
Polaris Industries Inc., together with its auxiliaries, designs, engineers, manufactures, and markets off-road vehicles, snowmobiles, motorcycles, and small vehicles primarily in the United States, Canada, Western Europe, Australia, and Mexico. It offers off-road vehicles, such as all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles compriseing of various models, counting independent front suspension, long travel rear suspension, hydraulic disc brakes, liquid cooling for brakes, and a three cylinder engine; V-twin cruiser motorcycles; small vehicles, counting enclosed on-road quadricycles and light duty commercial vehicles; and technical riding gears for the snowmobile and motorcycle industries.
Shares of Mastercard Inc (NYSE:MA), declined -0.13% to $97.50, during its current trading session.
MasterPass has increasingly been making shopping easier and safer for consumers and merchants in 24 countries around the globe. Recently, MasterCard declared it will integrate a fully tokenized checkout experience within MasterPass, leveraging the MasterCard Digital Enablement Service (MDES). This gives consumers the freedom to shop more securely online or in-app from any connected device. A demonstration of a tokenized MasterPass wallet will be available next week at the Money 20/20 Conference in Las Vegas.
MasterPass enables issuers to deliver digital payments across channels and devices around the world, seamlessly extending the trusted relationships consumers have with their banks. It securely stores shoppers’ preferred payment and shipping information, which makes checkout just a few clicks away, with no long strings of numbers or details to enter. The “Buy with MasterPass” button is presently found within the website and apps of more than 250,000 merchants globally across travel, entertainment, quick service restaurants, retail and more.
At the request of Issuers enabling MasterPass for their customers, MasterCard will replace the personal account numbers (PAN) for consumer credit, debit, commercial and prepaid cards stored in MasterPass with a secure “token” – a new 16-digit number that represents the existing PAN on the front of a payment card. Tokens are unique to each bank-connected MasterPass wallet and carry EMV-based security protection that provides additional peace of mind for consumers and merchants alike.
MasterCard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company facilitates the processing of payment transactions, counting authorization, clearing, and settlement, in addition to delivers related products and services.
Finally, Shares of Centene Corp (NYSE:CNC), lost -2.74%, and is now trading at $58.09.
Centene Corporation, declared it will present at the Credit Suisse 24th Annual Healthcare Conference, to be held November 9-11, 2015 in Scottsdale, Arizona.
Centene is planned to present on Tuesday, November 10, at 3:00 p.m. Mountain Standard Time.
Centene Corporation operates as a diversified, multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. It operates in two segments, Managed Care and Specialty Services.
