Arctic Cat (ACAT) Posts Q2 GAAP Loss of 98c/Share; Lowers FY17 Outlook
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Arctic Cat Reports Fiscal 2017 Second Quarter Results
November 9, 2016 6:30 AM ESTSecond quarter net sales totaled $164.6 million;
Net loss $0.98 per share;
Continued progress made on strategies to reposition company, including signing two strategic partnerships;
Commitment letter signed to extend and increase revolving bank agreement to $130 million year round to support future growth initiatives;
Company lowers fiscal 2017 revenue and EPS outlook on weaker powersports market, increased promotional costs and unfavorable product mix
MINNEAPOLIS--(BUSINESS WIRE)-- Arctic Cat Inc. (NASDAQ: ACAT) today... More
