Harley-Davidson Inc’s (HOG.N) shares rallied on Tuesday after the motorcycle maker forecast a lower-than-expected hit to profit margins from President Donald Trump’s trade tariffs and its quarterly earnings topped Wall Street estimates.
Its forecast and results raised hopes 2018 profits will hold up better than expected, despite obstacles such as rising raw materials costs, higher tariffs on bikes shipped to Europe and an aging customer base.
Harley’s shares were last up 9 percent at $45.22, recovering almost of their losses since late June, when Trump attacked the company for planning to move production for European customers overseas.
The Milwaukee, Wisconsin-based company now expects its motorcycles segment operating margin as a percent of revenue to be about 9 percent to 10 percent in 2018, compared with 9.5 percent to 10.5 percent it projected earlier.
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04.28.2025