Harley-Davidson beats 2Q earnings expectations, misses revenue forecasts.
Harley-Davidson Inc. on Tuesday reported second-quarter earnings of $258.9 million.
The Milwaukee-based company said it had net income of $1.48 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.
The motorcycle maker posted revenue of $1.58 billion in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $1.6 billion.
Harley-Davidson shares have declined 11 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed nearly 10 percent. The stock has increased 8 percent in the last 12 months.
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Elements of this story were generated by Automated Insights (http: //automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HOG at https: //www.zacks.com/ap/HOG
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