Democratic Underground - Harley-Davidson cuts full-year forecast

Reply #11: Harley-Davidson cuts full-year forecast [View All]

UpInArms

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Wed Apr-13-05 07:36 AM
Response to Original message

11. Harley-Davidson cuts full-year forecast

http://www.marketwatch.com/news/story.asp?guid=%7B2452A852%2D27FF%2D4FF5%2D9B78%2DC1FC02E9A6CB%7D&siteid=mktw

NEW YORK (MarketWatch) -- Shares in Harley-Davidson Inc. tumbled in pre-market trading Tuesday after the company cut its full-year profit growth forecast because of lower-than-expected first-quarter motorcycle sales.

The Milwaukee, Wisc., motorcycle manufacturer (HDI: news, chart, profile) saw its stock fall 9.8%, or $5.77, to $53 before the opening bell.

As part of its first-quarter earnings report, Harley-Davidson said fiscal 2005 earnings are now projected to grow 5% to 8%, down from its prior outlook for a 14% to 16% increase.

<snip>

The company also lowered its full-year motorcycle shipment target to 329,000 from 339,000 due to the lower-than-expected first-quarter sales

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Reply #11: Harley-Davidson cuts full-year forecast [View All]