Harley-Davidson reported a drop of about 45 % in quarterly revenue on Tuesday as bike gross sales took a success from world lockdowns because of the coronavirus pandemic.
Harley’s internet earnings fell to $69.7 million, or 45 cents per share, within the first quarter ended March 29 from $127.9 million, or 80 cents per share, a yr earlier.
Bikes and associated merchandise income fell eight %, to $1.10 billion.
Nonetheless, shares of Harley-Davidson have been up practically 14 % in early-afternoon buying and selling, to $21.51.
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