HOG - Why Harley-Davidson Stock Roared Monday
Shares of iconic motorcycle brand Harley-Davidson (NYSE: HOG) jumped Monday morning after the company reported its first-quarter 2021 results. As of 10:25 a.m. EDT, Harley shares were 11.4% higher than Friday's closing price.
Harley announced it earned $1.68 per share in the first quarter, significantly outpacing analyst estimates of $0.90 per share, according to MarketWatch. Revenue of $1.42 billion matched estimates, and marked a 10% jump over sales in the prior-year period. While global retail motorcycle sales grew 9% versus the year-ago period, bike sales in North America jumped 30%.
Image source: Harley-Davidson.
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Why Harley-Davidson Stock Roared Monday