Arctic Cat Q2 Profit Declines - Quick Facts

(RTTNews) - Arctic Cat Inc. (ACAT) reported second-quarter net earnings of $23.4 million, or $1.70 per share, compared to $25.0 million, or $1.80 per share, last year.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $1.96 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $238.5 million, up from $229.0 million last year. Analysts expected revenue of $251.62 million for the quarter.

For the fiscal year ending March 31, 2014, Arctic Cat maintained its sales and earnings guidance, but is targeting the lower end of the guidance range. The company continues to expect earnings in the range of $3.27 to $3.37 per share. The company anticipates sales in the range of $754 million to $768 million. Analysts expect the company to report fiscal 2014 profit per share of $3.35 on revenue of $755.60 million.

Arctic Cat plans to introduce two new Wildcat pure-sport side-by-sides in November, as well as the Wildcat 50 Trail model in the fiscal 2014 fourth quarter.