Why Harley-Davidson Is Plunging 18% Today
Shares of Harley-Davidson (NYSE: HOG) were tumbling 19% in midday trading Tuesday after the company reported fourth-quarter and full-year 2020 earnings that fell well short of expectations.
After the motorcycle maker's third-quarter report held out hope the company's reworked turnaround plan called The Hardwire might be gaining traction, the latest numbers show Harley is still mired in the same quagmire it has been.
Where Wall Street anticipated Harley would post an adjusted profit of $0.21 per share, it actually came in with a big $0.44 per-share loss. Last year it posted a $0.20 per-share profit.
Source Fool.com
