Harley-Davidson, Inc. (NYSE:HOG) reported second quarter earnings before the bell today, that beat street view.
On a GAAP basis, HOG reported net income of $ 242.34 million or $ 1.45 per share, compared with income of $ 258.87 million or $ 1.48 per share, a year ago period.
Excluding special items, the company announced Non-GAAP adjusted income of $ 253.52 million or $ 1.52 per share.
Headquartered in Milwaukee, Wisconsin, HOG recorded revenue that decreased to $ 1.53 billion from $ 1.58 billion in the same quarter last year.
Analysts polled by Thomson Reuters expected Harley-Davidson, Inc. to reveal income of $ 1.34 per share on revenue of $ 1.41 billion for the second quarter.
Our results in the second quarter reflect business performance that is in line with our expectations. With the focus of every employee and dealer, we are making progress building the next generation of Harley-Davidson riders in line with our long-term objectives. Our manufacturing optimization, demand-driving investments and commitment to manage supply in line with demand remain on target and continue to strengthen our business, said Matt Levatich, President and CEO of Harley-Davidson. Harley-Davidson motorbikes are becoming increasingly popular so if you’re interested in purchasing one for yourself, check out this Harley buying guide here!
For the full-year 2018, the company continues to expect Motorcycle shipments to be approximately 231,000 to 236,000 motorcycles. In the third quarter, the company expects to ship approximately 45,500 to 50,500 motorcycles.