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Harley-Davidson profit falls 24% on weak U.S. demand - Business Insider

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Harley-Davidson topped Wall Street expectations despite falling profits — and the stock is surging

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Harley-Davidson beat expectations for profit on Tuesday and stuck to its full-year shipment forecast, allaying fears of another major hit from European import tariffs and a further slump in sales in its main U.S. market.

Sales in the world's biggest motorcycle markets in Asia, which Harley has targeted with smaller bikes that go against its traditional profile, rose 8.7% in the quarter and are up about 1.6% this year overall. The company is also cutting spending and it said it now saw 2019 capital expenses of $205 million to $225 million, about $20 million less than its previous estimates.

 

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Source: MarketWatch - 🏆 3. / 97 Read more »

UPDATE: Harley-Davidson shares up 6.6% premarket after earnings beatHarley-Davidson Inc. shares extended their premarket gains to 6.6% Tuesday, after the company beat profit and revenue estimates for the third quarter. The...
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