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Harley-Davidson Blames Trump's Tariffs For Losses

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Harley-Davidson plunged nearly 11% Tuesday after reporting quarterly earnings that fell short of analysts' expectations. The company said tariffs slammed fourth-quarter profitability. President Donald Trump attacked Harley-Davidson last summer after the company said it would shift production overseas. Shares of the motorcycle maker plunged nearly 11% in pre-market trading after the company reported fourth-quarter earnings that missed Wall Street expectations. Harley-Davidson reported adjusted earnings per share of $0.17 on revenue of $955.6 million, missing the $0.29 and $1.05 billion that analysts surveyed by Bloomberg were expecting.

Added on the 29/01/2019 10:05:53 - Copyright : Wochit

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