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.
