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.
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