CHICAGO (Reuters) – Harley-Davidson Inc (HOG.N) 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.
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