Harley-Davidson beats profit expectations due to international sales
The company plans to source half its revenue from overseas by 2027 and begin shipping bikes from Thailand after regulatory approval
22 October 2019 - 16:33
Bengaluru — Harley-Davidson beat expectations for profit on Tuesday and stuck to its full-year shipment forecast, allaying fears of another major hit from European import tariffs and a further slump in sales in its main US market.
Shares of the company rose 7% in pre-market trading as it posted the first rise in international sales in a year during the third quarter and a 3.6% dip in US retail motorcycle sales — the smallest decline in nearly three years...
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