Shares of Harley-Davidson Inc. HOG tumbled 11.5% in premarket trading Thursday, after the motorcycle maker missed profit expectations and cut its full-year outlook for overall sales and for its LiveWire electric motorcycle. Net income fell to $178.0 million, or $1.22 a share, from $215.8 million, or $1.46 a share, in the year-ago period. That missed the FactSet consensus for earnings per share of $1.24. Revenue fell 1.6% to $1.45 billion, above the FactSet consensus of $1.32 billion.
5% in premarket trading Thursday, after the motorcycle maker missed profit expectations and cut its full-year outlook for overall sales and for its LiveWire electric motorcycle. Net income fell to $178.0 million, or $1.22 a share, from $215.8 million, or $1.46 a share, in the year-ago period. That missed the FactSet consensus for earnings per share of $1.24. Revenue fell 1.6% to $1.45 billion, above the FactSet consensus of $1.32 billion.