Harley-Davidson Inc. said its normalized net income for the fiscal first quarter ended March 29 amounted to $1.21 per share, compared with the S&P Capital IQ consensus estimate of $1.24 per share.
EPS rose year over year from $1.16.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $257.1 million, compared with $255.5 million in the prior-year period.
The normalized profit margin increased to 15.4% from 14.8% in the year-earlier period.
Total revenue fell year over year to $1.67 billion from $1.73 billion, and total operating expenses declined on an annual basis to $1.26 billion from $1.32 billion.
Reported net income came to $269.0 million, or $1.27 per share, compared to $266.8 million, or $1.21 per share, in the year-earlier period.
