<![CDATA[Harley-Davidson profit skids 45 percent as coronavirus slows sales]]> https://usagag.com/2020/04/28/harley-davidson-profit-skids-45-percent-as-coronavirus-slows-sales/ Tue, 28 Apr 2020 17:22:31 +0000 hourly 1 https://usagag.com Harley-Davidson profit skids 45 percent as coronavirus slows sales Harley-Davidson reported a drop of about 45 percent 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 percent, to $1.10 billion.

Nonetheless, shares of Harley-Davidson were up nearly 14 percent in early-afternoon trading, to $21.51.

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