Harley-Davidson: stalls in Q2.
(CercleFinance.com) - Harley-Davidson shares are expected to suffer on Wall Street this Tuesday, given a reduction in the group's FY forecasts prior to the release of its Q2 results.
The motorcycle manufacturer now expects to deliver between 241,000 and 246,000 motorcycles this year, down by 6% to 8% compared to 2016, against a modest decrease expected so far. In the nearer term, for the current quarter, it targets between 39,000 and 44,000 deliveries, down by between 10% and 20% relative to the same period last year.
Net income was 258.9 million dollars in the second quarter, i.e. 1.48 dollar per share, compared to 280.4 million dollars, or 1.55 dollar per share a year earlier. Meanwhile, revenues fell from 1.86 billion dollars to 1.79 billion dollars, with a 9.3% decline in sales in the US.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The motorcycle manufacturer now expects to deliver between 241,000 and 246,000 motorcycles this year, down by 6% to 8% compared to 2016, against a modest decrease expected so far. In the nearer term, for the current quarter, it targets between 39,000 and 44,000 deliveries, down by between 10% and 20% relative to the same period last year.
Net income was 258.9 million dollars in the second quarter, i.e. 1.48 dollar per share, compared to 280.4 million dollars, or 1.55 dollar per share a year earlier. Meanwhile, revenues fell from 1.86 billion dollars to 1.79 billion dollars, with a 9.3% decline in sales in the US.
Copyright (c) 2017 CercleFinance.com. All rights reserved.