Harley-Davidson tops 1Q profit forecasts

MILWAUKEE (AP) _ Harley-Davidson Inc. (HOG) on Tuesday reported first-quarter profit of $186.4 million.

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The Milwaukee-based company said it had profit of $1.05 per share.

The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share.

The motorcycle maker posted revenue of $1.33 billion in the period, missing Street forecasts. Eleven analysts surveyed by Zacks expected $1.35 billion.

Harley-Davidson shares have risen roughly 2 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 5 percent. The stock has risen 25 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HOG at https://www.zacks.com/ap/HOG

Keywords: Harley-Davidson, Earnings Report