Arctic Cat Revenue Outlook Misses Street Estimates

MINNEAPOLIS (AP) — Snowmobile and all-terrain vehicle maker Arctic Cat Inc. on Thursday projected fiscal 2010 revenue below Wall Street expectations.

For the 12 months ending in March 2010, the company expects sales of $425 million to $460 million.

Arctic Cat declined to issue an earnings forecast.

"Given the degree of economic uncertainty affecting the recreational products market, Arctic Cat does not believe it can accurately project fiscal 2010 earnings per share at this time, although the company expects improved per-share results compared with fiscal 2009," the company said in a news release.

The company also said it posted a loss in its fiscal fourth quarter, and reported a fiscal 2009 loss of 53 cents per share.

In midday trading, shares of Arctic Cat fell 6 cents to $4.48.