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.
Keywords: Harley-Davidson, Earnings Report
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