US Markets
HOG

Harley-Davidson swings to quarterly loss

Credit: REUTERS/BENOIT TESSIER

Harley-Davidson Inc unexpectedly swung to a loss in the second quarter as coronavirus shutdowns hit motorcycle sales.

CHICAGO, July 28 (Reuters) - Harley-Davidson Inc HOG.N unexpectedly swung to a loss in the second quarter as coronavirus shutdowns hit motorcycle sales.

The company on Tuesday reported a loss of 60 cents per share for the quarter through June, compared with a profit of $1.23 per share a year ago. Analysts had on average expected the profit to come in at 4 cents per share, according to IBES data from Refinitiv.

Motorcycles and related products revenue dived 53% year-on-year to $669 million.

(Reporting by Rajesh Kumar Singh; Editing by Alex Richardson)

((rajeshkumar.singh@thomsonreuters.com; +1-312-408-8537; Reuters Messaging: rajeshkumar.singh.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

HOG

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More