Harley-Davidson Inc. said its normalized net income for the fiscal third quarter ended Sept. 25 amounted to 60 cents per share, compared with the S&P Capital IQ consensus estimate of 64 cents per share.
EPS declined 9.3% year over year from 66 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $108.1 million, a decline of 20.5% from $135.9 million in the year-earlier period.
The normalized profit margin fell to 8.5% from 10.3% in the year-earlier period.
Total revenue fell year over year to $1.27 billion from $1.32 billion, and total operating expenses came to $1.10 billion, compared with $1.10 billion in the year-earlier period.
Reported net income decreased 18.7% on an annual basis to $114.8 million, or 64 cents per share, from $141.2 million, or 69 cents per share.