Harley-Davidson Q1 Profit Drops 24%

(RTTNews) - Harley-Davidson (HOG) released earnings for first quarter that fell compared to the same period last year.

The company said its bottom line totaled $0.19 billion, or $1.05 per share. This was down from $0.25 billion, or $1.36 per share, in last year's first quarter.

Analysts had expected the company to earn $1.02 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 15.8% to $1.33 billion. This was down from $1.58 billion last year.

Harley-Davidson earnings at a glance:

-Earnings (Q1): $0.19 Bln. vs. $0.25 Bln. last year. -Earnings Decline (Y-o-Y): -24.0% -EPS (Q1): $1.05 vs. $1.36 last year. -EPS Decline (Y-o-Y): -22.8% -Analysts Estimate: $1.02 -Revenue (Q1): $1.33 Bln vs. $1.58 Bln last year. -Revenue Change (Y-o-Y): -15.8%