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.

Harley Davidson Q3 2020 Earnings Infographic

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.

  • Harley-Davidson Inc Q2 2020 earnings
  • Harley-Davidson Q2 profit drops 19% but beats estimates

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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