• Bloomberg, Wednesday, February 3, 2021 6:23 PM

Harley-Davidson shares plunged after it posted a surprise loss in the fourth quarter and unveiled a turnaround plan that failed to impress Wall Street. Revenue from motorcycles and related products fell 39% in the fourth quarter to $531 million as Harley reduced inventory and shifted its release of new models from fall to the first quarter of this year. A five-year strategic plan was light on details, and the revenue and profit targets were more modest than investors expected, Gerrick Johnson, an analyst with BMO Capital Markets in New York, told Bloomberg.

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