Harley-Davidson tops 1Q earnings expectations, misses revenue forecasts

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MILWAUKEE — Harley-Davidson Inc. (HOG) on Tuesday reported first-quarter profit of $269.9 million.

On a per-share basis, the Milwaukee-based company said it had profit of $1.27.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.

The motorcycle maker posted revenue of $1.51 billion in the period, missing Street forecasts. Nine analysts surveyed by Zacks expected $1.58 billion.

Harley-Davidson shares have declined slightly more than 6 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 2 percent. The stock has declined 8.5 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HOG at http://www.zacks.com/ap/HOG

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Keywords: Harley-Davidson, Earnings Report

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