Harley-Davidson posts lower quarterly results as raw material costs rise

Harley-Davidson reported lower Q2 profit and revenue, but raised its annual forecast, citing progress under its broader turnaround plan to offset higher raw-material costs. The guidance improvement partially offsets the near-term earnings weakness, supporting a modestly positive read-through for the stock.

Analysis

Harley-Davidson reported lower Q2 profit and revenue, but raised its annual forecast, citing progress under its broader turnaround plan to offset higher raw-material costs. The guidance improvement partially offsets the near-term earnings weakness, supporting a modestly positive read-through for the stock.