Harley-Davidson Posts Fourth-Quarter Loss, Misses Street Forecasts
Harley-Davidson Inc. (HOG) reported a net loss of $116.9 million in its fourth quarter, falling short of Wall Street expectations.
The Milwaukee-based company reported a loss per share of 93 cents, significantly higher than the average estimate of 68 cents per share by analysts surveyed by Zacks Investment Research.
Adjusted revenue came in at $430.9 million, below the consensus forecast of $481.8 million. Total revenue for the quarter was $687.6 million.
For the full year, Harley-Davidson recorded a net income of $455.4 million ($3.44 per share) and revenue of $4.15 billion.
The company's financial performance has been impacted by factors such as declining motorcycle sales and increased competition in the industry.