The Traderszone Network

Published in TZ Latest News 20 October, 2015 by The TZ Newswire Staff

Harley-Davidson third-quarter profit falls, stock hits two-year low

“The marketplace has thrown us some curveballs this year,”chief executive Matt Levatich, said after the company reported weaker sales and earnings that fell below analysts’ guidance. Harley-Davidson said it plans to incur a one-time charge of $30 million to $35 million in the fourth quarter for a reorganization and job cuts which would increase funding for marketing and product redevelopment. Harley-Davidson also cut its 2015 operating profit margin to 16 percent to 17 percent for the motorcycles segment from 18 percent to 19 percent.