Harley-Davidson (HOG) Tops Q3 EPS by 19c

Harley-Davidson (NYSE: HOG) reported Q3 EPS of $0.70, $0.19 better than the analyst estimate of $0.51. Revenue for the quarter came in at $1.27 billion versus the consensus estimate of $1.04 billion.

2019 Outlook:

For the full year 2019, the company continues to expect:

• Motorcycle shipments to be approximately 212,000 to 217,000. In the fourth quarter, the company expects to ship approximately 38,500 to 43,500 motorcycles
• Motorcycles segment operating margin as a percent of revenue to be approximately 6 to 7 percent
• Financial Services segment operating income to be down year-over-year
• Effective tax rate of approximately 24 to 25 percent
• Additionally, the company now expects:
• Capital expenditures of $205 million to $225 million (including approximately $20 million to support manufacturing optimization); $20 million less than prior quarter guidance

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

You May Also Be Interested In

• Macy's (M) Tops Q2 EPS by 28c, Beats on Revenue; Offers FY Guidance
• AeroVironment (AVAV) Tops Q1 EPS by 29c, Offers Guidance
• Academy Sports and Outdoor (ASO) Tops Q2 EPS by 22c, Offers Guidance