(Bloomberg) — Harley-Davidson Inc. capped its fifth straight year of lower U.S. sales with quarterly profit and revenue that missed estimates, sending shares plunging as much as 8.7% in premarket trading.Adjusted earnings rose to 20 cents a share in the quarter, the Milwaukee-based manufacturer said in a statement Tuesday, missing analysts’ average estimate for 25 cents. Motorcycle revenue and shipments fell more than expected, dragging Harley’s stock to the lowest levels since September in early Tuesday trading.Harley’s Chief Executive Officer Matt Levatich is trying to attract new and younger riders to stanch the bleeding in the U.S., its biggest source …read more
Source:: Yahoo Finance
