Shares of Harley-Davidson (HOG) plunged in Tuesday’s trading session following its first quarter earnings release and an updated shipment outlook, making it TheStreet’s Move of the Day. For the first quarter, the company posted earnings that surpassed Wall Street expectations, but revenue trailed analysts’ estimates. The company cited unfavorable currency impacts, heightened levels of aggressive competitive discounting from rivals, and fewer shipments for the lower than expected revenue. Looking ahead, Harley lowered its full year 2015 guidance in shipments growth from its previous forecast. Harley-Davidson was the worst performing S&P 500 component on the day. TheStreet’s Kurumi Fukushima reports in New York.
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