BMO Capital Reiterates Outperform on Harley-Davidson (HOG) Following 3Q Report
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Harley-Davidson plans to lay off temp workers first
October 18, 2016 10:29 AM EDT(Reuters) - Harley-Davidson Inc (NYSE: HOG) said on a conference call on Tuesday it would lay off "casual workers," or temporary hourly wage workers, first as a part of the company's newly announced reorganization plan.
Harley-Davidson said it plans to reorganize and reduce... More
Harley-Davidson soars on plans to reorganize, slow production workforce
October 18, 2016 7:52 AM EDT(This October 18 story has been corrected to say 'soars' instead of 'soar' in headline)
By Meredith Davis
(Reuters) - Shares in Harley-Davidson Inc (NYSE: HOG), jumped more than 9 percent on Tuesday as the market shrugged off sluggish U.S. retail motorcycle sales.
Harley's shares touched a two-month high on the company's plan to streamline its operations, reorganize and reduce its workforce during the fourth quarter in a move that will cost the company $20 million to $25 million.
Shares of Harley-Davidson were at $54.39 up 9.45 percent in afternoon trade.
... MoreHarley-Davidson (HOG) Reports In-Line Q3 EPS; Plans to Streamline Ops in Q4; Reaffirms FY16 Shipment Outlook
October 18, 2016 6:57 AM EDTHarley-Davidson (NYSE: HOG) reported Q3 EPS of $0.64, in-line with the analyst estimate of $0.64. Revenue for the quarter came in at $1.27 billion versus the consensus estimate of $1.09 billion.
Harley-Davidson worldwide retail motorcycle sales in the third quarter were down 4.5 percent, primarily on weak U.S. industry trends. Harley-Davidson retail motorcycle... More