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Harley-Davidson, the largest motorcycle manufacturer in the United States, in the second quarter reduced its net profit to 242 million 300 thousand dollars from 258 million 900 thousand dollars for the same period last year. In earnings per share, the profit was 1 dollar 45 cents while the analysts had predicted 1 dollar 34 cents per share. Revenues decreased by 3.3% to 1 billion 530 million dollars, also exceeding the forecasts of the experts. World supplies decreased by 11.3% to 72,600 units. According to the company estimates, the return duties imposed by the EU authorities on the import of American goods, which also affected Harley-Davidson motorcycles, will lead to an increase in the price of the company's products by an average of 2 thousand 200 dollars for each European buyer.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
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