Motorcycle manufacturer Harley-Davidson Inc. (NYSE: HOG) reported a net loss for the fourth quarter of 2024 as its sales declined amid weak demand.
The company reported a net loss of $117 million or $0.93 per share in the December quarter, compared to a profit of $26 million or $0.18 per share in the comparable period of last year.
The bottom line was negatively impacted by a 35% drop in total revenues to $688 million during the three months. There was a 53% fall in motorcycle shipment units.
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