Harley-Davidson Earnings Cheat Sheet: Shareholders Unhappy With Latest Results

Falling revenue did not prevent S&P 500 (NYSE:SPY) component Harley-Davidson, Inc. (NYSE:HOG) from reporting a profit boost in the first quarter. Harley-Davidson, Inc. manufactures heavyweight motorcycles as well as motorcycle parts and accessories. .

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Harley-Davidson Earnings Cheat Sheet for the First Quarter

Results: Net income for Harley-Davidson, Inc. rose to $119.3 million (51 cents/share) vs. $33.3 million 14 cents/share) YoY. A more than threefold rise from the year earlier quarter.

Revenue: Fell 11.9% to $1.06 billion YoY.

Actual vs. Wall St. Expectations: HOG (NYSE:HOG) fell short of the mean analyst estimate of 53 cents/share. Estimates ranged from 46 cents per share to 57 cents per share.

Quoting Management: “We are pleased by the growth of our dealers’ new motorcycle sales on a worldwide basis, led by strength in Europe, even as we continue to encounter some headwinds in the U.S. related to the challenging macro-economic conditions,” said Harley-Davidson, Inc. President and CEO Keith Wandell.

Competitors and companies in their category include Polaris Industries (NYSE:PII), Brunswick (NYSE:BC), Home Depot (NYSE:HD), Caterpillar (NYSE:CAT), General Motors (NYSE:GM), Ford (NYSE:F), Toyota (NYSE:TM) and Honda (NYSE:HMC).

Today’s Performance: Shares of HOG (NYSE:HOG) closed at $39.71 yesterday. The stock is trading down this morning.

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