Harley-Davidson reports 2Q earnings of $195.6M, exceeds Wall Street expectations
MILWAUKEE — Harley-Davidson Inc. (HOG) on Tuesday reported second-quarter earnings of $195.6 million.
On a per-share basis, the Milwaukee-based company said it had profit of $1.23.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The motorcycle maker posted revenue of $1.63 billion in the period. Its adjusted revenue was $1.43 billion, which did not meet Street forecasts. Eight analysts surveyed by Zacks expected $1.44 billion.
Harley-Davidson shares have climbed slightly since the beginning of the year, while the Standard & Poor’s 500 index has climbed 19%. The stock has declined 18% in the last 12 months.