Harley-Davidson's Mixed Ride: Beats Q2 Estimates, Plans Buyback, Trims Annual Outlook & More
Portfolio Pulse from Shivani Kumaresan
Harley-Davidson Inc (NYSE:HOG) reported strong Q2 results, beating revenue and EPS estimates. Despite a decline in global retail motorcycle sales, the company announced a $1 billion share repurchase plan. However, it revised its FY24 revenue and operating income margin outlook downwards.
July 25, 2024 | 2:34 pm
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Harley-Davidson reported strong Q2 results, beating revenue and EPS estimates. The company announced a $1 billion share repurchase plan but revised its FY24 revenue and operating income margin outlook downwards.
The strong Q2 performance and the announcement of a $1 billion share repurchase plan are positive signals for investors, likely driving the stock price up. However, the downward revision of the FY24 outlook may temper some of the enthusiasm.
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