Harley-Davidson Beats Profit Expectations

(Reuters) - Harley-Davidson Inc (HOG.N) on Tuesday forecast a lower-than-expected hit to profit margins from President Donald Trump’s trade tariffs and its quarterly earnings topped Wall Street estimates, sending shares up 5 percent in pre-market trading. That would translate into about $25 million in added operating costs, below Harley’s previous estimate of $30 million to $45 million from the European tariffs alone. Harley’s second-quarter net income fell to $248.3 million, or $1.45 per share in the second quarter ended June 30, from $258.9 million, or $1.48 per share, a year earlier.