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Harley-Davidson stock pops after global shipments rise 18% year-over-year

1
Yahoo Finance Video

Yahoo Finance Live anchors break down fourth-quarter earnings for Harley-Davidson.

Video Transcript

[AUDIO LOGO]

[MUSIC PLAYING]

BRAD SMITH: Welcome back, everyone. It's time for Cut for Time, three stories, one minute each. We start with this on the day.

Harley-Davidson shares climbing higher this morning.

[CLOCK TICKING]

Boosted by an 18% pop in global shipments year-over-year. This, as the motorcycle company continues its turnaround efforts. This is after pausing production here. You're taking a look at shares on the screen, heavily in the green on the day. Revving higher here on this Thursday,

JULIE HYMAN: Sozz, I know you got stuff to say about this one.

BRIAN SOZZI: Yeah, Harley has a good quarter. Considering all the recession fears cycling around out there and the fact that a lot of people are buying electric cars and electric trucks, I mean, Harley's shipments were up double-digits and they were able to push through higher prices for its motorcycles. That is a good thing to see.

Also a little fun nugget here, LiveWire, that's the electric vehicle division they spun off but still have a stake in. They shipped all 597 electric motorcycles last year. Now, the division did lose $85 million, hence it was a good thing they split it off a couple of months ago.

JULIE HYMAN: Yeah, you know, those price increases helped the company's margins beat estimates. And for the full year, operating margin is gonna to be 14.1% to 14.6%.

[BUZZER]

Margin improvement is what investors want right now, Sozz.

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