Harley-Davidson swings to quarterly loss

By Syndicated Content Jul 28, 2020 | 6:09 AM

CHICAGO (Reuters) – Harley-Davidson Inc unexpectedly swung to a loss in the second quarter as coronavirus shutdowns hit motorcycle sales.

The company on Tuesday reported a loss of 60 cents per share for the quarter through June, compared with a profit of $1.23 per share a year ago. Analysts had on average expected the profit to come in at 4 cents per share, according to IBES data from Refinitiv.

Motorcycles and related products revenue dived 53% year-on-year to $669 million.

(Reporting by Rajesh Kumar Singh; Editing by Alex Richardson)