Harley-Davidson shares tank

big earnings miss

Harley-Davidson shares were marked 10.7% lower in pre-market trading following the earnings release, indicating an opening bell price of $32.7 each, a move that would wipe out all of the stock’s gains for the past three months and value the Milwaukee, Wisconsin-based group at around $5.4 billion.

The motorcycle maker is battling declining sales as its core riders age, particularly in the United States, its largest market.

hdflhtcumore information: Harley-Davidson shares tank after big earnings miss