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Stock impact report

Why Harley-Davidson (HOG) Stock Is Down Today [Yahoo! Finance]

Harley-Davidson, Inc. (HOG) 
Last harley-davidson, inc. earnings: 4/28 06:50 am Check Earnings Report
Company Research Source: Yahoo! Finance
after the company reported third-quarter results where a significant revenue miss and deteriorating cash flow overshadowed a strong profit beat. The company's revenue of $1.07 billion declined 6.7% year-on-year, falling short of Wall Street's expectation of $1.32 billion. This pointed to ongoing struggles with consumer demand, despite the number of motorcycles sold increasing to 36,500, which was up significantly from the previous year. Another major concern for investors was the company's free cash flow, which swung to a negative $129.1 million from a positive $300.4 million in the same quarter last year. While earnings per share of $3.10 easily surpassed estimates, this was driven by a sharp increase in operating margin from expense management, not sales growth. Investors seemingly focused on the weak revenue and cash burn as indicators of the core business's health, raising concerns about future growth. The stock market overreacts to news, and big price drops can present good opp Show less Read more
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