Harley-Davidson quarterly profit slips about 45%. Signs of trouble?

Harley-Davidson's net income fell to $69.7 million, or 45 cents per share, in the first quarter ended March 29.
By : Reuters
| Updated on: 30 Apr 2020, 20:18 PM
Harley-Davidson Fat Bob
Harley-Davidson Fat Bob
Harley-Davidson Fat Bob
Harley-Davidson Fat Bob

Harley-Davidson Inc reported a drop of about 45% in quarterly profit on Tuesday as motorcycle sales took a hit from global lockdowns due to the coronavirus pandemic.

Harley's net income fell to $69.7 million, or 45 cents per share, in the first quarter ended March 29 from $127.9 million, or 80 cents per share, a year earlier.

Motorcycles and related products revenue fell 8% to $1.10 billion.

(Also Read: Former Harley-Davidson Boss joins Norton Motorcycles as Interim CEO)

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First Published Date: 30 Apr 2020, 20:18 PM IST
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