Harley-Davidson Inc HOG is trading lower Wednesday after the company announced worse-than-expected financial results.
Harley-Davidson reported second-quarter earnings of $1.41 per share, which beat the estimate of $1.17 per share. However, the company reported quarterly revenue of $1.33 billion, which came in below the estimate of $1.42 billion.
"We are encouraged by the signs of consumer positivity in the market; however, we remain mindful of the significant supply chain challenges that we expect to continue to impact the sector," said Jochen Zeitz, chairman, president and CEO of Harley-Davidson.
Price Action: Harley-Davidson has traded as high as $52.05 and as low as $22.55 over a 52-week period.
At last check Wednesday, the stock was down 6.37% at $41.01.
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