News Formal

Harley-Davidson earnings drop 24% as sales dip, but stock rises as company beats forecast

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.

Harley-Davidson Inc.’s stock HOG, -1.40% rose 0.8% in premarket trading Thursday after the company beat analyst forecasts for profit and revenue. Harley-Davidson’s third-quarter net income fell 24% to $199 million, or $1.38 a share, from $261 million, or $1.

78 a share, in the year-ago quarter. Analysts expected the motorcycle maker to earn $1.36 a share, according to FactSet consensus estimates. Revenue fell to $1.549 billion from $1.649 billion, but beat the analyst estimate of $1.356 billion. The company said its custom motorcycle business booked a 25% sales increase.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Thank Barbie. Mattel Raises Guidance as Earnings Beat Forecasts.Doll sales grew 24% year over year in the latest quarter, the company said.
Source: MarketWatch - 🏆 3. / 97 Read more »

Mattel Stock Falls After Beat-and-Raise EarningsDoll sales grew 24% year over year in the latest quarter, the company said.
Source: MarketWatch - 🏆 3. / 97 Read more »