Harley-Davidson Trades Lower On Weak Q4 Sales

Harley-Davidson (HOG) shares are trading lower after the company reported motorcycle segment sales and consolidated revenue results down from last year's results.

The company reported fourth-quarter earnings of 20 cents per share, which beat the analyst consensus estimate of 9 cents. This is a 17.65% increase over earnings of 17 cents per share from the same period last year.

Harley-Davidson's motorcycle segment reported quarterly sales of $874.1 million, while consolidated revenue came in at $1.07 billion.

The company sees fiscal year 2020 Sales $4.53-$4.66 billion versus the $4.65 billion estimate.

Harley-Davidson shares were trading down 6.2% at $32.66 in Tuesday’s pre-market session. The stock has a 52-week high of $41.40 and a 52-week low of $30.17.

Read our full disclaimer here.

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.