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.

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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