* Q3 EPS $0.50 vs est $0.14
* Q3 rev $152 mln vs est $136.8 mln
* Ups 2011 EPS view to $0.57-0.65 vs est $0.51
* Shares rise 18 pct
Jan 27 Arctic Cat Inc (ACAT.O), which makes
all-terrain vehicles (ATVs) and snowmobiles, posted
better-than-expected quarterly results on higher margins and
raised its 2011 earnings outlook citing increased international
revenue and higher gross margins.
The company expects 2011 earnings of $0.57-0.65 a share, up
from prior estimates of $0.40-$0.55.
Analysts were looking for earnings of 51 cents a share,
according to Thomson Reuters I/B/E/S.
For the third quarter, the company, which competes with
Honda Motor Co (7267.T) and Polaris Industries Inc (PII.N),
earned 50 cents a share, beating analysts' average estimates of
14 cents a share.
Sales rose 16 percent to $152 million.
Gross margins improved to 6 percent in the latest third
quarter from 2 percent a year ago.
Shares of the Minneapolis-based company were up 16 percent
at $16 Thursday morning on the New York Stock Exchange. They
have gained about 10 percent in value since the company raised
its FY outlook in October.
(Reporting by Divya Sharma in Bangalore; Editing by Don
Sebastian) ((firstname.lastname@example.org; within U.S. +1
646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: