Despite waning popularity in the US and globally, the motorcycle maker’s shares are up 3%
Bengaluru — On Tuesday, Harley-Davidson surged past expectations for first-quarter profit and stuck to its full-year shipment forecasts in the face of concerns over falling US sales and European import tariffs, sending its shares up 3%.
Harley, while again weighed down by a continuing decline in its popularity both in the US and globally, topped Wall Street’s profit forecasts by more than 30c per share. European markets are a growing portion of the Harley’s total motorcycle sales. To avoid the additional import duty, it has boosted investment at its Thailand plant to serve that market.
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