HOG’s Q2 Results Beat Expectations

Harley-Davidson Inc HOG reported better than-expected Q2 earnings and revenue. The Milwaukee, Wisconsin-based company posted its Q2 income from continuing operations at $139.3 million, or $0.59 per share, up from of $33.4 million or $0.14 in the year-ago period. The company’s quarterly revenue from motorcycles and related products came in at $1.14 billion. Wall Street expected HOG to report its earnings at $0.42 per share on $1.1 billion in revenue. HOG’s Q2 revenue from Harley-Davidson motorcycles rose 2.8% to $831.6 million. The company’s gross margin also moved up to 35.0%, from 34.1% in the year-ago period. Keith Wandell, President and Chief Executive Officer of Harley-Davidson, mentioned, "Harley-Davidson is making steady progress at executing its strategy to deliver results through focus." "We are seeing the benefits of our restructuring and continuous improvement activities reflected in our earnings performance,” he added. HOG’s share price fell 1.27% to $23.31 in pre-market trading. Read more from Benzinga's Company news.