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Arctic Cat Inc. (ACAT) Dropped To A 2-Month Low After Q4 Report

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Arctic Cat Inc. (ACAT) reported a fourth quarter net loss of $0.49 per share Tuesday morning, compared to the loss of $0.52 per share last year. The consensus estimate was for a loss of $0.56. Full year 2013 EPS is expected to be between $2.40 and $2.50, which is below the consensus estimate of $2.70.

Arctic Cat gapped open sharply lower Tuesday, but traded in a range for the majority of the session. The stock closed down by 4.34 at $37.97 on the highest volume of the year. Arctic Cat dropped to over a 2-month low.

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