Harley-Davidson forecasts drop in 2018 shipments

Harley-Davidson forecasts drop in 2018 shipments

(Reuters) – Inc’s motorcycle shipments for 2017 came in at the lower end of its estimates, the company said on Tuesday, and forecast a drop in numbers for this year.

The motorcycle maker’s net income fell to $ 8.31 million, or 5 cents per share, in the fourth quarter ended Dec. 31, partly due to a charge related the new It earned $ 47.18 million, or 27 cents per share, a year earlier.

Revenue from motorcycles and related products rose to $ 1.05 billion from $ 933 million.

(Reporting by in Bengaluru and Rajesh Kumar Singh in Chicago; Editing by Saumyadeb Chakrabarty)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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About Craig Ballantyne 13815 Articles
I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

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