Harley-Davidson Shares Slide On Sinking gross sales file
Peter MondroseOctober 20, 2015
[Harley-Davidson Eagle Winged Large Brown Patch]
Harley-Davidson Inc. failed to meet expectations for Q3 2015 and shares at the iconic bike manufacturer slipped by using greater than 1 %.
The Milwaukee-based firm reported lower quarterly net revenue on information that world gross sales of recent bike’s stalled.
Harley-Davidson mentioned a net profits of $ one hundred forty.3 million, down just about 6.5 percent from $ a hundred and fifty.1 million a 12 months earlier.
Diluted cash per share had been 69 cents per share in the 1/3 quarter the same a yr prior.
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Analysts estimated income per share for the quarter of seventy eight cents per share.
A decline in motorbike gross sales arrives at a time when the auto trade is experiencing a steep raise in sales.
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