Harley-Davidson Q1 adjusted earnings Beat Estimates

(RTTNews) - Harley-Davidson (HOG) announced earnings for first quarter that fell from the same period last year.

The company's bottom line came in at $127.95 million, or $0.80 per share. This compares with $174.76 million, or $1.03 per share, in last year's first quarter.

Excluding items, Harley-Davidson reported adjusted earnings of $156.87 million or $0.98 per share for the period.

Analysts had expected the company to earn $0.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 11.8% to $1.20 billion from $1.36 billion last year.

Harley-Davidson earnings at a glance:

-Earnings (Q1): $156.87 Mln. vs. $210.80 Mln. last year. -EPS (Q1): $0.98 vs. $1.24 last year. -Analysts Estimate: $0.65 -Revenue (Q1): $1.20 Bln vs. $1.36 Bln last year.