Harley-Davidson (HOG) Tops Q1 EPS by 3c; Sales Down 4.2%

Harley-Davidson (NYSE: HOG) reported Q1 EPS of $1.05, $0.03 better than the analyst estimate of $1.02. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.35 billion.

"First quarter U.S. retail sales were in line with our projections and we remain confident in our full-year plan despite international retail sales being down in the first quarter," said Matt Levatich, CEO, Harley-Davidson. ""We are very pleased with our continued growth in U.S. market share and the progress our U.S. dealers made in reducing their inventory of 2016 motorcycles in the quarter."

First quarter worldwide Harley-Davidson retail motorcycle sales were down 4.2 percent compared to the same period in 2016. In line with the company's expectations, Harley-Davidson retail motorcycle sales in the U.S. were down 5.7 percent compared to the year-ago quarter, with the overall U.S. industry down for the same period.

For earnings history and earnings-related data on Harley-Davidson (HOG) click here.

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