* 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 (Reuters) - 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.
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) ((email@example.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: firstname.lastname@example.org))