Arctic Cat Reports Fiscal 2017 Second Quarter Results
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BMO Capital Downgrades Arctic Cat (ACAT) to Underperform
November 10, 2016 7:04 AM ESTBMO Capital downgraded Arctic Cat (NASDAQ: ACAT) from Market Perform to Underperform with a price target of $9.00 (from $11.00).
For an analyst ratings summary and ratings history on Arctic Cat click here. For more ratings news on Arctic Cat click here.
Shares of Arctic Cat closed at $14.51 yesterday.
... MoreArctic Cat (ACAT) Posts Q2 GAAP Loss of 98c/Share; Lowers FY17 Outlook
November 9, 2016 6:34 AM ESTArctic Cat (NASDAQ: ACAT) reported Q2 EPS of ($0.98), $1.34 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $164.2 million versus the consensus estimate of $196.42 million.
Christopher Metz, Arctic Cats president and chief executive officer, stated: We expected that Arctic Cats second quarter would be challenging, as we continued to implement our turnaround strategies. However, we encountered a softer than anticipated powersports market in the quarter, with Arctic Cats and the overall industrys sales down. We are disappointed in the companys second-quarter results, which were impacted by lower sales... More
