PLYMOUTH, Minn.— Arctic Cat Inc. 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.
*Expects full-year profit of C $1.55- C $1.65/ shr vs estimate C $1.69/ shr. March 28- Ski-Doo snowmobile maker BRP Inc forecast a full-year profit below analysts' estimates, saying uncertainty in Russia and the weakening of the rouble would hurt demand in its third-largest market.
March 28- Canada's BRP Inc, which makes the Ski-Doo snowmobiles, forecast a lower-than-expected full-year profit, saying the political uncertainty in Russia and a harsh winter in North America would hurt deliveries.
Friday's midday movers:
No matter where you put money to work, the snowmobile business presents a critical lesson for investors.
Take a look at some of Thursday midday movers:
MINNEAPOLIS-- Arctic Cat Inc. said Thursday its fiscal second-quarter net income rose 17 percent on demand for new recreational vehicles. Arctic Cat began shipping its new 2013 model year all-terrain and recreational vehicles during the quarter.
Take a look at some of Tuesday's midday movers:
The S&P small-cap 600 index reached a new high Tuesday as U.S. equities appear to be on track to close the first quarter of 2012 with their best performance since 1998.
CNBC's Brian Sullivan reports on two stocks going in opposite directions: JPMorgan turning bearish on Molycorp, and Arctic Cat shares soar on stock buyback.
In the $5 billion market for A.T.V.’s, the skyrocketing growth of Chinese imports is becoming the latest challenge for the Consumer Product Safety Commission, which is starting a global campaign to improve the safety of a product that kills more people — about 900 a year — than any of the 15,000 other products the commission regulates. The New York Times reports.