Harley-Davidson tops 4Q profit expectations, misses revenue forecasts

MarketsAssociated Press

Harley-Davidson Inc. (HOG) on Thursday reported fourth-quarter net income of $74.5 million.

On a per-share basis, the Milwaukee-based company said it had net income of 35 cents.

Continue Reading Below

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The motorcycle maker posted revenue of $1.03 billion in the period, which fell short of Street forecasts. Analysts expected $1.06 billion, according to Zacks.

Harley-Davidson shares have dropped 5.5 percent since the beginning of the year, while the Standard & Poor's 500 index has fallen almost 3 percent. The stock has declined 4 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HOG at http://www.zacks.com/ap/HOG

_____

Keywords: Harley-Davidson, Earnings Report