Why Harley-Davidson's Stock Is Trading Lower Today

Harley-Davidson Inc HOG is trading lower Wednesday after the company announced worse-than-expected financial results. 

Harley-Davidson reported second-quarter earnings of $1.41 per share, which beat the estimate of $1.17 per share. However, the company reported quarterly revenue of $1.33 billion, which came in below the estimate of $1.42 billion. 

"We are encouraged by the signs of consumer positivity in the market; however, we remain mindful of the significant supply chain challenges that we expect to continue to impact the sector," said Jochen Zeitz, chairman, president and CEO of Harley-Davidson.

Price Action: Harley-Davidson has traded as high as $52.05 and as low as $22.55 over a 52-week period. 

At last check Wednesday, the stock was down 6.37% at $41.01.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsMoversTrading IdeasJochen Zeitzwhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!