Arctic Cat (ACAT) Misses Q2 EPS by 15c; Cuts Outlook
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Arctic Cat Reports Fiscal 2016 Second Quarter Results
October 22, 2015 6:30 AM EDT
Second quarter net sales totaled $211.2 million;
Net
earnings were $0.85 per diluted share;
Progress made
on strategic plans to reposition company for growth;
Company
lowers fiscal 2016 outlook, primarily on stronger currency headwinds
MINNEAPOLIS--(BUSINESS WIRE)-- Arctic Cat Inc. (NASDAQ: ACAT) today reported net earnings of $11.2 million, or $0.85 per diluted share, on net sales of $211.2 million for the fiscal 2016 second quarter ended September 30, 2015. In the prior-year quarter, Arctic Cat reported net earnings of $15.4 million, or $1.18 per diluted share, on... More
