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Published on 28/04/2020 4:54:45 PM | Source: Reuters

Harley-Davidson quarterly profit falls about 45%

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Harley-Davidson Inc 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.

 

(Reporting by Ankit Ajmera in Bengaluru; Editing by Anil D'Silva)