Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Harley-Davidson Inc.’s stock HOG, -1.40% rose 0.8% in premarket trading Thursday after the company beat analyst forecasts for profit and revenue. Harley-Davidson’s third-quarter net income fell 24% to $199 million, or $1.38 a share, from $261 million, or $1.
78 a share, in the year-ago quarter. Analysts expected the motorcycle maker to earn $1.36 a share, according to FactSet consensus estimates. Revenue fell to $1.549 billion from $1.649 billion, but beat the analyst estimate of $1.356 billion. The company said its custom motorcycle business booked a 25% sales increase.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pennsylvania lawmakers recognize 50th anniversary of Harley-Davidson's York County plantThe motorcycle maker is also celebrating its 120th anniversary.
Read more »
Harley-Davidson profit slumps on sluggish demandHarley-Davidson Inc (HOG.N) on Thursday reported a 24% fall in third-quarter profit as customers cut back on discretionary spending due to higher borrowing costs and inflationary pressures.
Read more »
DraftKings is winning more 'whales,' which could help send its stock 24% higherMoffettNathanson analyst turns bullish
Read more »
Thank Barbie. Mattel Raises Guidance as Earnings Beat Forecasts.Doll sales grew 24% year over year in the latest quarter, the company said.
Read more »
Mattel Stock Falls After Beat-and-Raise EarningsDoll sales grew 24% year over year in the latest quarter, the company said.
Read more »
Cryptocurrencies Price Prediction: Solana, Optimism & Bitcoin – European Wrap 24 OctoberSolana co-founder and COO Raj Gokal raised concerns about the spreading of false information about the Solana blockchain. In a recent post on X, Gokal
Read more »