Harley-Davidson Shares Slide On Sinking Sales Report

Harley Davidson Shares Slip

Harley-Davidson Inc. failed to meet expectations for Q3 2015 and shares at the iconic motorcycle manufacturer slipped by more than 1 percent. 

The Milwaukee-based company reported lower quarterly net profit on news that global sales of new motorcycle’s stalled.

Harley-Davidson reported a net income of $140.3 million, down nearly 6.5 percent from $150.1 million a year earlier.

Diluted earnings per share were 69 cents per share in the third quarter the same a year earlier.

Analysts estimated earnings per share for the quarter of 78 cents per share.

A decline in motorcycle sales arrives at a time when the automobile industry is experiencing a steep increase in sales.

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Written by Peter Mondrose

Peter Mondrose

Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at PeterMondrose@BusinessPundit.com or (929) 265-0240.