Harley-Davidson Inc.’s highly contentious plan to dodge tariffs by shifting some production overseas has been green-lighted just as the iconic American manufacturer really needed the relief.
Harley-Davidson Inc.’s highly contentious plan to dodge tariffs by shifting some production overseas has been greenlighted just as the iconic American manufacturer really needed the relief.
The reprieve that Harley expects starting in the second quarter of next year overshadowed cuts the company made to its forecasts for annual shipments and profit margin after another quarter of dismal sales. The Milwaukee-based company’s stock finished up 6.3% on Tuesday, the biggest gain since July 2018.
Harley’s adjusted earnings per share in the second quarter of $1.46 beat the $1.41 average analysts expected, and were up slightly from a year ago. But operating income fell 26% in the quarter as the impact of tariffs eroded profits.
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