Categories AlphaGraphs, Earnings, Industrials
Harley-Davidson (HOG) stock jumps after Q3 results beat Street view
Shares of Harley-Davidson, Inc. (NYSE: HOG) rose sharply early Tuesday after the superbike maker reported third-quarter results that beat estimates.
Third-quarter profit came in at $120 million or $0.78 per share, compared to $87 million or $0.55 per share in the same period of last year. Analysts were looking for a smaller bottom-line number. Adjusted earnings advanced to $1.05 per share from $0.70 per share in the third quarter of 2019.
Meanwhile, total revenues dropped 8% annually to $1.17 billion in the third quarter but exceeded the consensus forecast.
Read management/analysts’ comments on Harley-Davidson’s Q3 results
The company’s stock grew by about 10% during Tuesday’s premarket trading, soon after the earnings announcement. It had closed the previous session lower.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
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