Harley-Davidson Inc. said its normalized net income for the fiscal second quarter ended June 28 amounted to $1.39 per share, compared with the S&P Capital IQ consensus estimate of $1.40 per share.
EPS decreased 11.2% year over year from $1.57.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $290.0 million, a decline of 15.5% from $343.2 million in the prior-year period.
The normalized profit margin fell to 15.9% from 17.2% in the year-earlier period.
Total revenue decreased 8.8% year over year to $1.82 billion from $2.00 billion, and total operating expenses declined 6.3% year over year to $1.36 billion from $1.45 billion.
Reported net income declined 15.4% year over year to $300.4 million, or $1.44 per share, from $355.0 million, or $1.62 per share.