Harley-Davidson Q1 Results Beat Estimates On International Sales - Quick Facts

(RTTNews) - Harley-Davidson, Inc. (HOG), a Motorcycles manufacturer, reported Tuesday that its first-quarter net income declined to $250.49 million from last year's $269.85 million. Earnings per share, however, increased 7.1 percent to $1.36 from $1.27 last year, owing to lower share count.

On average, 19 analysts polled by Thomson Reuters expected earnings of $1.30 per share for the quarter. Analysts' estimates typically exclude special items.

Consolidated revenue increased to $1.75 billion from $1.67 billion in last year's first quarter.

Motorcycles and related products revenues went up to $1.58 billion from prior year's $1.51 billion. Analysts expect revenues of $1.50 billion.

Harley-Davidson worldwide retail motorcycle sales in the first quarter were up 1.4 percent to 57,458, driven by a 4.5 percent increase in international markets.

Although retail motorcycle sales in the U.S. were down slightly, retail sales trends have significantly improved over previous quarters.

Looking ahead, Harley-Davidson expects to ship 82,500 to 87,500 motorcycles in the second quarter, compared to 85,172 motorcycles shipped in the year-ago period.

The company continues to expect it will ship 269,000 to 274,000 motorcycles in 2016, an approximate 1 to 3 percent increase from 2015.

The company continues to expect full-year 2016 operating margin of approximately 16 to 17 percent for the Motorcycles segment.