Harley-Davidson Fiscal Q3 Results Top Street Marks

Harley-Davidson (HOG), a producer of cruiser and touring motorcycles, reported Tuesday fiscal Q3 net profit of $0.40 per share, down from $0.64 per share in the prior year period but still came in higher than the $0.39 per share Street estimate provided by Capital IQ.

Revenue for the quarter ended Sept. 24 was $962.1 million, down from $1.09 billion reported for the same period last year but topped the $958.7 million Street estimate.

For fiscal 2017, the company expects to ship 241,000 to 246,000 motorcycles to dealers worldwide, representing a 6% to 8% decrease year-over-year. Full year capital expenditures are expected to range from $200 million to $220 million.

Q4 motorcycle shipments are expected to range 46,700 to 51,700 units.

HOG was 0.9% higher pre-bell.

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