Harley-Davidson shares jump after announcing $5 billion financial unit sale
30/07/2025 14:45
Updates ** Legacy motorcycle maker Harley-Davidson's shares HOG.N rise 21% to $27.79 ** HOG is selling its loans from its financial unit to KKR KKR.N and PIMCO, valued at more than $5 billion ** Also posts lower second-quarter profit as U.S. President Donald Trump's tariffs continued to weigh on business ** Quarterly profit fell to $108 million, or 88 cents per share, from $218 million, or $1.63 per share, a year ago ** Including session gains, stock has fallen ~8% YTD (Reporting by Aatreyee Dasgupta) ((Aatreyee.Dasgupta@thomsonreuters.com))