Harley Gains as Reduced Profits Still Beat Analysts’ Estimates
- First-quarter earnings dipped less than analysts expected
- President calls EU’s tariff rate ‘so unfair,’ vows retaliation
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Harley-Davidson Inc. overcame higher tariff costs to post better-than-expected profit, but its business is once again the subject of President Donald Trump’s tweets.
While adjusted net income fell by 26 percent in the first quarter, the slump was less severe than Wall Street feared. Excluding costs of restructuring, tariffs and other factors, the motorcycle maker posted earnings of 98 cents a share, beating analysts’ average estimate for 85 cents.