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Harley unveils turnaround plan as shares nosedive on disappointing results - Vimarsana News

Harley unveils turnaround plan as shares nosedive on disappointing results

4 Min Read CHICAGO (Reuters) - Harley-Davidson Inc’s shares plunged more than 20% on Tuesday after the motorcycle maker unexpectedly swung to a quarterly loss, overshadowing a new turnaround plan that targets low double-digit earnings growth through 2025. FILE PHOTO: The logo of U.S. motorcycle company Harley-Davidson is seen on one of their models at a shop in Paris, France, August 16, 2018. REUTERS/Philippe Wojazer Since the middle of last year, the Milwaukee, Wisconsin-based company has shifted focus back to big bikes, traditional markets like the United States and Europe, and older and...

UPDATE 5-Harley unveils turnaround plan as shares nosedive on disappointing results - Vimarsana News

UPDATE 5-Harley unveils turnaround plan as shares nosedive on disappointing results

03 Feb 2021 / 01:28 H. (Recasts first sentence with stock plunge, adds analyst and company comments, financial details, updates share price) By Rajesh Kumar Singh and Ankit Ajmera CHICAGO, Feb 2 (Reuters) - Harley-Davidson Inc's shares plunged more than 20% on Tuesday after the motorcycle maker unexpectedly swung to a quarterly loss, overshadowing a new turnaround plan that targets low double-digit earnings growth through 2025. Since the middle of last year, the Milwaukee, Wisconsin-based company has shifted focus back to big bikes, traditional markets like the United States and Europe, and ...