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Bloomberg
Harley-Davidson Inc cut its full-year operating margin outlook and 2019 bike shipment forecast after weak global motorcycle sales and the impact of tariffs dented second quarter earnings.
The Milwaukee-based manufacturer slashed its shipment forecast this year to 212,000 to 217,000, from a previous range of 217,000 to 222,000. Lower shipments also prompted it to reduce its expected 2019 operating margin on its motorcycles to 6 percent to 7 percent of revenue, from a previous 8 percent to 9 percent. Adjusted earnings per share in the second quarter of $1.46 beat the $1.41 average analysts expected, and were up from $1.45 a year ago.