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Harley-Davidson shares tumble with its revenue

analytics
30 May 2017 , 12:46

Harley-Davidson shows a downward trend after the publication of quarterly results (Q1) for 2017. Shares of the company reacted with a sharp decrease, but the majority of market participants expect a correctional wave after this impulse movement. Wave counting confirms the correctional reverse with the subsequent descending in C wave.

In the first quarter of 2017, the company reported a profit of $ 1.05 per share, but this values are than $ 1.36 in the previous year's quarter. It is also worth noting a reduction in net profit to $ 186.4 million from $ 250.5 a year ago. Operating profit fell to $ 291.5 million from $ 388.8 million a year earlier.

In order to further explore the analysis, as well as the entry point to the position, you can see full details in the personal account of our TSI Trading Pro platform.

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