Harley-Davidson swings to quarterly loss
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CHICAGO, July 28 (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)
