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Shares of Harley-Davidson Inc. HOG, +1.02% tumbled 11.5% in premarket trading Thursday, after the motorcycle maker missed profit expectations and cut its full-year outlook for overall sales and for its LiveWire electric motorcycle. Net income fell to $178.0 million, or $1.22 a share, from $215.8 million, or $1.46 a share, in the year-ago period.
U.S. big-bike maker Harley-Davidson and British rival Triumph have revved up India's premium motorcycle market with aggressively priced models that analysts said could dent the over half-century dominance of local champion Royal Enfield.
Harley-Davidson Inc.'s stock HOG, -0.38% rose 4% in premarket trade Friday, after D.A. Davidson upgraded the stock to buy from neutral and said it expects second-quarter retail sales are better than feared.
Harley-Davidson is trading near a historically low valuation. Kroger is a Warren Buffett favorite with a dividend yield of 2.5%.
Webcast Conference Call Scheduled for 8 a.m. CDT MILWAUKEE , July 6, 2023 /PRNewswire/ -- Harley-Davidson, Inc. (NYSE: HOG) will release its second quarter 2023 financial results before market hours Thursday, July 27, 2023.
Harley-Davidson on Tuesday named insider Jonathan Root as its new chief financial officer to succeed Gina Goetter who stepped down in April.
Harley-Davidson Inc. HOG, +0.95% has appointed Jonathan Root as its new chief financial officer, the motorcycle maker said Tuesday. Root, who had been senior vice president of subsidiary Harley-Davidson Financial Services, replaces David Viney, who had been working as interim CFO.
Harley-Davidson said on Monday the motorcycle maker will be running limited motorcycle manufacturing operations at its York facility after being notified of an issue with parts from a third-party supplier.
Iconic motorcycle manufacturer Harley-Davidson Inc. NYSE: HOG stock has been in the dumps since its strong fiscal Q1 2023 earnings release. Harley Davison falls behind Polaris Inc. NYSE: PII as the largest motorcycle manufacturer in the U.S. The company beat estimates and improved margins, but shares have been cascading lower since then.
Motorcycle maker Harley-Davidson has temporarily halted production at its assembly plant in York, Pennsylvania, as it struggles with a parts shortage, according to a statement from its local union.