Harley-Davidson ($HOG) reported a fall in 2Q16 net income on lower margins and higher costs, but quarterly profit rose on lower share count. The company earned $280.4MM, or $1.55 per share, compared with $299.8MM, or $1.44 per share a year ago. Revenue rose to $1.67Bil.
$HOG cut its full-year guidance for motorcycle shipments to 264,000 to 269,000 motorcycles to dealers worldwide in 2016. This is approx. down 1% to up 1% from 2015, the company said. $HOG forecast full-year 2016 operating margin of approx. 15 to 16% for the Motorcycles segment, compared to prior guidance of 16 to 17%.
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Submitted July 28, 2016 at 09:06AM by Robert-Phillips http://ift.tt/2aMMuuP
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