Harley-Davidson quarterly profit falls about 45%
(Reuters) – Harley-Davidson Inc (HOG.N) reported a drop of about 45% 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% to $1.10 billion.
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