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Technical Analysis
- 8/28/2008 1:34:10 PM
By Chip Brian, SmarTrend Analytics Team
Today Arctic Cat Inc. (NASDAQ:ACAT) lowered its 4Q and fiscal year outlook. The company's 4Q net loss is projected at $0.55 - $0.60 a share compared to an earlier estimate of $0.30 - $0.37 a share. Sales for the 4Q are projected at $155 million - $160 million down from an earlier estimate of $170 million - $180 million, compared to the same time last year sales of $228.1 million. Fiscal year net income is projected between $0.01 - $0.07 a share and sales of $645 million - $665 million. Earlier the net income was estimated at $0.89 - $0.95 a share and sales estimated at $710 million - $736 million.
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