Harley-Davidson stock soars after surprise profit


Harley-Davidson Inc. HOG, +15.53% stock soared nearly 14% in Tuesday trading after the motorcycle company reported a surprise fourth-quarter profit. Net income totaled $21.6 million, or 14 cents per share, after a loss of $96.4 million, or 63 cents per share, last year. Adjusted EPS of 15 cents was well ahead of the FactSet consensus for a loss 34 cents. Revenue of $1.016 billion million was up from $725.0 million last year and also ahead of the FactSet consensus for $669.0 million. For 2022, Harley-Davidson expects revenue for its motorcycles and related products segment to growth 5% to 10% from $4.54 billion in 2021. Harley-Davidson stock is up 16.7% for the past year while the S&P 500 index SPX, +0.84% has gained 15.2%.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleThe Big Move: ‘I don’t know if it’s worth dealing with tenants’: Should I convert my home into a rental, or sell it?
Next articleSiemens Energy swings to loss of $142.7 million as orders drop 10%


Please enter your comment!
Please enter your name here