S&P 500 (NYSE:SPY) component Harley-Davidson, Inc. (NYSE:HOG) reported net income above Wall Street’s expectations for the second quarter. Harley-Davidson, Inc. manufactures heavyweight motorcycles as well as motorcycle parts and accessories. .
Harley-Davidson Earnings Cheat Sheet for the Second Quarter
Results: Net income for the recreational vehicles company rose to $190.6 million (81 cents per share) vs. $71.2 million (30 cents per share) in the same quarter a year earlier. This is a more than twofold rise from the year earlier quarter.
Revenue: Rose 18% to $1.34 billion from the year earlier quarter.
Actual vs. Wall St. Expectations: HOG beat the mean analyst estimate of 70 cents per share. It beat the average revenue estimate of $1.26 billion.
Quoting Management: “Harley-Davidson continues to make great progress as we transform our business and take our iconic brand to the many roads of the world,” said Keith Wandell, President and Chief Executive Officer of Harley-Davidson, Inc.
The company topped expectations last quarter after falling short of forecasts in the first quarter with net income of 51 cents versus a mean estimate of net income of 53 cents per share.
(Source: Xignite Financials)