Harley-Davidson tops forecasts

23 October, 2019 12:00 AM printer

NEW YORK: Harley-Davidson Inc reported better-than-expected quarterly profits on Tuesday and stuck to its full-year shipment forecast, allaying fears of another hit from European import tariffs and a further slump in sales in its main U.S. market.

Shares of the company rose 5.2per cent in premarket trading as it reported the first rise in international sales in a year and a dip of just 3.6per cent in U.S. retail motorcycle sales, its smallest quarterly decline in nearly three years, report agencies.

Harley, which has been criticized by President Donald Trump for its plan to shift some U.S. production overseas, has been battling the effects of global trade wars on its business while sales at home dwindle as its core customers age.