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The
company beat analysts' expectations by reporting a net income of
$299.8 million or $1.44 per share in the second quarter, down
about 15 percent from $354.2 million or $1.62 share a year
earlier.
Analysts had expected earnings per share for the quarter of
$1.39.
In pre-market trading, Harley-Davidson shares were up 2.2
percent at $56.20.
Milwaukee, Wisconsin based Harley-Davidson said the company's
operating income was negatively impacted by fewer motorcycle
shipments as foreign competitors offered lower prices.
Total revenue fell to $1.82 billion from $2 billion a year ago.
Analysts had expected $1.67 billion.
Harley-Davidson's worldwide retail motorcycle sales fell to
88,931 in the second quarter, from 90,218 in the same quarter a
year ago.
The company kept its motorcycle shipment guidance unchanged at a
2 to 4 percent increase from 2014, or 276,000 to 281,000
motorcycles.
(Reporting By Meredith Davis Editing by W Simon)
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