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Arctic Cat
ACAT is trading lower on the session following its Q4 earnings announcement this morning. The company reported an EPS of $(0.49) vs $(0.56) estimates and revenues $98.5 million vs $92.71 million estimates. Arctic Cat guided FY EPS $2.40-2.50 vs $2.70 estimates and Sales $631-650 million vs $659.7 million estimates.
Claude Jordan, Arctic Cat's president and chief executive officer stated: “We are very pleased with the company's continued strong sales and earnings performance in fiscal 2012. Sales rose across all product lines for the full year. Double-digit gains in our snowmobile and all-terrain vehicle segments were fueled by the introduction of innovative products and technologies, such as our extensive new snowmobile line-up and the Wildcat sport side-by-side. Higher sales volumes, coupled with our focus on operational excellence and cost control, led to another year of outstanding financial results.”
Arctic Cat is currently trading at $37.60, a loss of $4.71 or 11.12%.
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