JPMorgan Downgrades Harley-Davidson (HOG) to Neutral

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Go back to JPMorgan Downgrades Harley-Davidson (HOG) to Neutral

Harley-Davidson Reports Third Quarter 2015 Earnings

October 20, 2015 6:55 AM EDT

MILWAUKEE, Oct. 20, 2015 /PRNewswire/ -- Harley-Davidson, Inc. (NYSE: HOG) third-quarter 2015 diluted earnings per share were $0.69 compared to EPS of $0.69 in the year-ago period. Third-quarter net income was $140.3 million on consolidated revenue of $1.32 billion compared to net income of $150.1 million on consolidated revenue of $1.30 billion in the year-ago period.

Dealer new motorcycle sales were down 1.4 percent worldwide for the third quarter compared to the year-ago period, with sales down 2.5 percent in the U.S. and up 0.9 percent internationally.

"We expect a heightened competitive environment to continue... More