HOG - Why Harley-Davidson Stock Is Falling This Week
2023-10-27 08:52:31 ET
Harley-Davidson (NYSE: HOG) stock is sputtering this week. The motorcycle company's share price was down 10.4% from last week's market close heading into this Friday's daily trading session, according to data from S&P Global Market Intelligence .
Harley-Davidson published its third-quarter results before the market opened on Oct. 26. While the company's sales and earnings performance for the period actually came in ahead of Wall Street targets, business trends and guidance from management spurred sell-offs for the stock.
Harley-Davidson posted earnings per share of $1.38 on revenue of $1.55 billion in the third quarter. For comparison, the average analyst estimate had expected the business to report per-share earnings of $0.03 on sales of $1.36 billion.
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Why Harley-Davidson Stock Is Falling This Week