Harley-Davidson's sales drop in Q3, prompting cut in 2024 outlook

Quick Summary:

The company on Thursday trimmed its 2024 outlook, projecting motorcycle revenue down 14 per cent to 16 per cent and operating profit margins between 7.5 per cent and 8.

LiveWire, the company’s electric bike unit, posted a third-quarter operating loss of $26 million on sales of 99 motorcycles.

Earnings per share for the three months ended Sept.30 came to 91 cents, the company said, below the $1.38 of a year ago.

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Category: BusinessFinance

Markets: India

Topics: Harley davidson sales Harley Davidson revenue Harley Davidson Harley Davidson profit

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Article Type: News Report

Published On: 2024-10-24 @ 23:25:06 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 499 words

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Sentences: 19 lines

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