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Harley-Davidson keeps 2017 forecast unchanged, shares fall


REUTERS - U.S. motorcycle maker Harley-Davidson Inc kept its 2017 outlook unchanged despite first-quarter shipments hitting the high end of the company's forecast.Milwaukee-based Harley's shares were down 4 percent at $57.00 in premarket trading on Tuesday.The company, which commands about half the U.S. big-bike market, said motorcycle shipments fell 14.7 percent to 70,831 units in the quarter ended March 26, compared with its forecast of 66,000-71,000 units.Harley said it continues to expect full-year shipments to be flat to down modestly.Harley's first quarter shipments were helped by ...

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First Published: Tue, April 18 2017. 17:37 IST