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Arctic Cat Inc. (NASDAQ:ACAT) raised FY12 revenue outlook to $568M-$575M from $530M-$545M. The company expects gross margins to improve between 20-60 basis points in FY12. Arctic Cat said it continues to expect higher snowmobile retail sales in FY12, due to its new model line-up. The company also anticipates continued gains in its ROV business, fueled by the competitive strength of the Prowler side-by-side offerings and the growth potential for the Wildcat pure-sport ROV model.
The shares closed at $28.58, up $4.77, or 20.03%, on the day. Its market capitalization is $522.82 million.
Under Armour Inc (NYSE:UA) sees 2012 revenue growth at the high-end of 20%-25% view.
The shares closed at $73.40, down $4.09, or 5.28%, on the day. Its market capitalization is $3.80 billion.
Brunswick Corporation (NYSE:BC) reported revenue $789.1M vs. consensus $776.87M.
The shares closed at $20.92, down $0.69, or 3.19%, on the day. Its market capitalization is $1.86 billion.
Ford Motor Company (NYSE:F): Helped by favorable foreign exchange rates, and an abundance of affordable labor, the U.S. has emerged as a competitive producer of cars and trucks, and a favored location for making vehicles to be exported to other markets, especially for Japan’s major auto makers, the Wall Street Journal reports.
The shares closed at $12.79, down $0.14, or 1.08%, on the day. Its market capitalization is $48.60 billion.
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To contact the reporter on this story: Stella Mariz at staff.writers@wallstcheatsheet.com
To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com
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