Harley-Davidson Earnings: Here’s Why the Stock is Rising Now
Harley-Davidson, Inc. (NYSE:HOG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.36%.
Harley-Davidson, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 13.08% to $1.21 in the quarter versus EPS of $1.07 in the year-earlier quarter.
Revenue: Decreased 5.68% to $1.63 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Harley-Davidson, Inc. reported adjusted EPS income of $1.21 per share. By that measure, the company beat the mean analyst estimate of $1.18. It beat the average revenue estimate of $1.63 billion.
Quoting Management: “Harley-Davidson again drove strong financial performance in the second quarter, reflecting the many improvements in operations we have made throughout the Company over the past few years as well as our brand strength globally,” said Keith Wandell, Chairman, President and Chief Executive Officer of Harley-Davidson, Inc. “Our employees, dealers and suppliers continue to do an outstanding job, working as one team and moving in one direction, to deliver a great experience for our customers,” Wandell said.
Key Stats (on next page)…