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Article: Arctic Cat Revises Fiscal 2008 Third-Quarter and Full-Year Outlook.

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Business Wire
Article date:
January 4, 2008
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Company Announces New $10 Million Share Repurchase Authorization; Conference Call Scheduled for 10 a.m. CT Today

THIEF RIVER FALLS, Minn. -- Arctic Cat Inc. (Nasdaq:ACAT) today revised its sales and earnings outlook for the fiscal 2008 third quarter ended December 31, 2007, due to lower than anticipated sales of all-terrain vehicles (ATVs). As a result, third-quarter net sales are now estimated at $155 million to $160 million compared to a record $228.1 million in the prior-year third quarter, and versus the company's earlier forecast of $170 million to $180 million.

Arctic Cat expects a third-quarter net loss of $0.55 to $0.60 per diluted share. The ...

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