Harley-Davidson collapses in the stock market after the quarterly. A few minutes after the opening of Wall Street, the shares of the famous US motorcycle manufacturer recorded a drop of 11,2% to 46,18%.
The crash was caused by the accounts for the second quarter published today and above all by the downward revision of the estimates for the current year.
The Milwaukee company ended the June quarter with earnings of $258,9 million, $1,48 per share, down 4,5% from $280,4 million, $1,55 per share, in the same year. time last year.
Revenues stood at $1,77 billion, down from $1,86 billion in the second quarter of 2016. However, the data remains above the expectations of analysts who expected profits of $1,38 per share, with a turnover of $1,59 per share. business of XNUMX billion.
As for sales, in the US Harley-Davidson recorded a decline of 9,3% in the quarter, while globally they decreased by 6,7 percent. The society
Estimated to deliver between 39.000 and 44.000 motorcycles in the third quarter of 2017, while for the full year deliveries are expected to be between 241 and 246 units, down between 6 and 8% compared to last year, when it reached over 262 thousand units.
