News Column

Arctic Cat 1Q profit falls 35 percent

July 25, 2014



PLYMOUTH, Minn. (AP) Arctic Cat Inc. (ACAT) on Friday reported profit that decreased by 35 percent in its fiscal first quarter, and beat analysts' expectations.

The Plymouth, Minnesota-based company said earnings fell to $3.6 million, or 27 cents per share, from $5.5 million, or 40 cents per share, in the same quarter a year ago.

Earnings, adjusted for severance costs, came to 35 cents per share. The average per-share estimate of analysts surveyed by Zacks Investment Research was for profit of 31 cents.

The company said revenue climbed 19 percent to $143.6 million from $120.8 million in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $131.8 million, according to Zacks.

Arctic Cat shares have dropped $19.02, or 33 percent, to $37.96 since the beginning of the year. The stock has fallen $14.08, or 27 percent, in the last 12 months.

This story was generated automatically by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Full ACAT report: http://www.zacks.com/ap/ACAT

Keywords:Arctic Cat,Earnings Report


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Source: Associated Press


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