Harley-Davidson Beats EPS Estimates, Sees Growth in 2011
July 20, 2011
Harley Davidson (NYSE:HOG) reported quarter results of $0.81 per share above consensus estimates of $0.71. Revenue for the quarter rose 18% year-over-year to $1.34 billion ahead of consensus estimates of $1.26 billion.The Company raised shipment guidance for 2011 and now expects to ship 228,000 to 235,000 Harley-Davidson motorcycles to dealers and distributors worldwide, compared to guidance provided April 19, 2011 of 215,000 to 228,000 motorcycles. In the third quarter of 2011, the Company expects to ship 60,000 to 65,000 motorcycles. For all of 2010, the Company shipped 210,494 motorcycles.Harley-Davidson is currently above its 50-day moving average (MA) of $38.24 and above its 200-day of $36.91.