Investing.com - Harley-Davidson reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Harley-Davidson announced earnings per share of $0.51 on revenue of $1.10B. Analysts polled by Investing.com anticipated EPS of $0.6 on revenue of $1.04B. That with comparison to EPS of $0.98 on revenue of $1.2B in the same period a year before. Harley-Davidson had reported EPS of $0.2 on revenue of $874.1M in the previous quarter. Analysts are expecting EPS of $0.63 and revenue of $950M in the upcoming quarter.
Harley-Davidson shares are down 49% from the beginning of the year , still down 53.68% from its 52 week high of $40.89 set on October 22, 2019. They are under-performing the S&P 500 which is down 11.29% year to date.
Harley-Davidson follows other major Consumer Cyclical sector earnings this month
Harley-Davidson's report follows an earnings missed by O’Reilly Automotive on April 22, who reported EPS of $3.97 on revenue of $2.48B, compared to forecasts EPS of $3.98 on revenue of $2.45B.
PACCAR had missed expectations on April 21 with first quarter EPS of $1.03 on revenue of $4.78B, compared to forecast for EPS of $1.21 on revenue of $4.98B.
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