Harley Davidson Inc, ManpowerGroup Inc Beat Earnings Estimates

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Harley Davidson Inc, ManpowerGroup Inc Beat Earnings Estimates

Harley Davidson and ManpowerGroup released their latest earnings reports before opening bell this morning. Harley Davidson posted earnings of $1.44 per share on $1.82 billion in consolidated revenue for the second quarter. In the same quarter last year, the motorcycle manufacturer posted earnings of $1.62 per share and consolidated revenue of $1.83 billion. Analysts had been expecting earnings of $1.39 per share and revenue of $1.67 billion.

ManpowerGroup reported earnings of $1.33 per share on $4.86 billion in revenue. Analysts had been looking for $1.28 per share in earnings and $4.77 billion in revenue, a 9% year over year decline. In the same quarter a year ago, the company posted earnings of $1.35 per share.

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Key metrics from Harley Davidson’s earnings report

Revenue from motorcycles and related products was $1.65 billion, of which $1.31 billion was motorcycle revenue, marking an 11.6% year over year decline. Revenue from parts and accessories fell 5.4% to $256.8 million. The gross margin edged downward slightly to 39.2%. The gross margin on the motorcycle segment was 23.1%.

New motorcycle sales at dealers declined 1.4% globally during the