Harley-Davidson's profit, revenue beat estimates
Updated : April 24, 2018 06:17 PM IST
Revenue from motorcycles and related products rose 2.7% to $1.36 billion in the first quarter ended April 1, compared with analysts' average estimate of $1.23 billion.
Harley, which commands about half of the US big-bike market, has seen its US market share erode in recent years as it grapples with an ageing customer base, weak demand from younger buyers and discounts offered by rivals.
For the current quarter, it expects to ship about 67,500 to 72,500 motorcycles, down from 81,807 units a year earlier.
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