HOG posts better than anticipated Q2 earnings
#1
07-19-2011, 06:40 AM
HOG posts better than anticipated Q2 earnings
July 19, 2011 7:02 AM EDT
Harley-Davidson, Inc. (NYSE
: HOG) reported Q2 EPS of $0.81, $0.10 better than the analyst estimate of $0.71. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.26 billion.
The Company raised its shipment forecast for 2011 and now expects to ship between 228,000 and 235,000 new Harley-Davidson motorcycles to dealers and distributors worldwide, an increase of 8 percent to 12 percent compared to 2010 shipments.
StreetInsider
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I was personally expecting a shortfall in eps and revenue. Looks like the restructuring costs and very early product announcements really paid off. With tomorrow's second half 2012 product release there may well be a nice bump in HOG over the next few days. I plan to sit in on the shareholders call later. Opens the market today at 41.41
Harley-Davidson, Inc. (NYSE
: HOG) reported Q2 EPS of $0.81, $0.10 better than the analyst estimate of $0.71. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.26 billion.The Company raised its shipment forecast for 2011 and now expects to ship between 228,000 and 235,000 new Harley-Davidson motorcycles to dealers and distributors worldwide, an increase of 8 percent to 12 percent compared to 2010 shipments.
StreetInsider
*****
I was personally expecting a shortfall in eps and revenue. Looks like the restructuring costs and very early product announcements really paid off. With tomorrow's second half 2012 product release there may well be a nice bump in HOG over the next few days. I plan to sit in on the shareholders call later. Opens the market today at 41.41
Last edited by Mi3ninos; 07-19-2011 at 06:52 AM.
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