Harley-Davidson's shares tumble on steeper fall in revenues

Harley-Davidson | January 28, 2020

Harley-Davidson Inc (HOG.N) on Tuesday reported a larger-than-expected decline in its motor cycles revenue, hurt by a continuing slide in retail sales in the United States, sending its shares lower. Revenues at its motorcycles, parts & accessories and general merchandise segment fell 8.5% year-on-year to $874.1 million in the fourth quarter on the back of lower bike shipments. Analysts surveyed by Refinitiv on average expected revenues to decline 3.7% to $920.14 million in the quarter. Its shares were down 3.2% at $33.71 in midday trade. Harley’s challenges in the United States, which accounts for more than half of sales, are well-documented - core customers are growing older and efforts to attract new and young riders have yet to show results.

Spotlight

Top CFOs know they are only as strong as their teams. From treasury to financial planning and analysis, their finance managers have a shared vision of being valued contributors in strategic discussions – adding insight and analysis at critical junctures of decision-making.

Spotlight

Top CFOs know they are only as strong as their teams. From treasury to financial planning and analysis, their finance managers have a shared vision of being valued contributors in strategic discussions – adding insight and analysis at critical junctures of decision-making.

Related News

FINANCIAL MANAGEMENT

Bookkeeper360 Introduces QuickBooks Online and Pay-as-you-Go Accounting Integration

Bookkeeper360, Intuit QuickBooks | May 31, 2021

The ability to handle a company's accounting and back-office in a straightforward, headache-free manner can free up a lot of time and energy for a small and medium-sized business. Bookeeper360, which has had five-star ratings for over a decade, certainly fits the description. The firm recently announced that the Bookkeeper360 App now connects with QuickBooks Online (QBO), increasing its possibilities to millions of small companies who use QBO to handle their accounts. Bookkeeper360 has also been recognized as an approved integration in the Intuit QuickBooks App Store, joining hundreds of technological solutions that assist small companies worldwide. Users of the app have reacted positively to the improved integration and access to real-time information. These insights and company performance dashboards include cash flow analytics, payroll data with Gusto integration, and the opportunity to contact accounting professionals all from within the Bookkeeper360 App. The Founder and CEO of Bookkeeper360, Nick Pasquarosa comments while announcing, "We are quite excited about being integrated with QuickBooks Online, which joins Xero and Gusto, as leading online accounting and payroll solutions Bookkeeper360 directly integrates with. The Bookkeeper360 App is actively being used by hundreds of small businesses who rely on the App to make business decisions daily.” Bookkeeper360 is also introducing a new Pay-as-you-go accounting service. Starting at $99 per hour, small companies may join up online and be linked with an accountant to handle all aspects of bookkeeping, back-office, consulting, and tax support. Pay-as-you-go accounting allows small companies to request services, manage projects in progress, and view their account balance within the App. "Finding expert accounting advice has always been a challenge for business owners, and here at Bookkeeper360, our mission is to change that. Pay-as-you-go accounting is designed to be similar to popular apps such as Uber and Starbucks, where a user has end-to-end transparency of what is being requested, the costs, and expected time of delivery" Explains Nick Pasquarosa, Founder and CEO of Bookkeeper360. Since the beginning of 2021, the Bookkeeper360 App has received weekly product updates that include file management, an onboarding wizard to assist clients in starting up with Bookkeeper360 services, task management, as well as a "Unreconciled Transactions" feature to hopefully prevent common bookkeeping errors. The Bookkeeper360 App was recently utilised to determine if customers were qualified for the Small Business Administration's second batch of Paycheck Protection Program loans. The development plan is vast, with additional features and integrations set to be released soon. About Bookkeeper360 Bookkeeper360 is a fintech accounting solution for small businesses. Bookkeeper360's product offerings include SaaS business intelligence tools and tech-enabled accounting, advisory, back-office, payroll, and tax services provided by its 100% U.S. Based team of CPAs and accounting experts.

Read More

PAYMENTS

Roxe, Poised For Growth, Automates And Streamlines Business Onboarding With DocFox

Roxe | December 09, 2021

Roxe, the leading next-generation, open global payment network that uses blockchain to make payments smarter, today announced it has partnered with DocFox to streamline and scale the onboarding for its business customers. Roxe unifies fragmented global payment systems, providing fast, low-cost, peer-to-peer global payments to banks, central banks, payment companies, remittance providers and consumers. With DocFox, Roxe is working to establish an intelligent, automated business onboarding system that will streamline the process to a few minutes instead of weeks. DocFox automates the document review of complex business accounts by interfacing with existing systems. Recent advances in complex document analysis, combined with automated workflows in DocFox, will enable Roxe to facilitate scalable onboarding journeys for even the most complex business accounts it encounters. "At Roxe, our mission is to build a trustful community that connects all individuals, businesses, central banks and financial institutions together. We want to provide everyone with smarter, transparent and efficient money movement," says Yamini Sagar, Head of Product at Roxe. "This means creating seamless, scalable experiences. With DocFox, Roxe can now further help businesses experience never-before-seen operational efficiencies during and after the point of onboarding them," says Sagar. Quickly and reliably onboarding complex entities, even in the most high-risk spaces, is finally possible. As a result, we're seeing an increasing amount of fintechs take advantage of these capabilities. We're excited to partner with Roxe to bolster their footprint in the global market, especially when it comes to interoperability and seamless transactions for their business clients." Ryan CaninDocFox CEO . About DocFox DocFox is the leading provider of digitized business account onboarding software. Used by over 200 financial institutions worldwide including banks, credit unions, and fintechs, its application uses intelligent automation and highly-customized workflows to empower institutions of any size to effortlessly onboard business accounts. DocFox has offices in Boston and Miami, USA and Johannesburg, South Africa.

Read More

FINTECH

Cambridge Global Payments Launches Enhanced Version of Application Programming Interface Platform

Cambridge Global Payments | November 20, 2020

Cambridge Global Payments, a FLEETCOR organization and a supplier of incorporated cross-border payments and currency risk management solutions, is pleased to declare it is dispatching an upgraded rendition of the Application Programming Interface (API) stage that will open it up for outsider and software designers around the globe. The most recent rendition of the central stage, Payments API 2.0, will help extend the designer experience, by helping engineers to make new and better-installment items quicker. The assortment of APIs offered by Cambridge's open API suite are utilized to encourage unfamiliar trade and homegrown payments. The suite gives money spot and forward abilities to endorsed clients and hearty recipient endpoints that brief for material administrative information necessities dependent on the objective of installment. “As a customer-centric organization, Cambridge continues to make enhancements based on customer consultations to ensure we remain top of mind in the fintech space,” said Daniil Saiko, Director of Technical Sales, Cambridge Global Payments. “We like to think of ourselves as part of the fabric of the payments ecosystem. We are constantly improving our technology to ensure Cambridge is an important part of the infrastructure of payments, and that we are consistently well positioned for growth.” Cambridge's open APIs offer snappy and straightforward admittance to 145+ monetary forms, in-nation conveyance to 117 nations, alongside adding highlights that we foresee will improve productivity, diminish blunder rates and their related expenses. Moreover, Cambridge's open APIs assist engineers with making an upgraded client and customer experience all through the whole life pattern of the installment. They likewise make it feasible for fintech suppliers to incorporate their applications with their customers' current business frameworks in consistence with industry standard security conventions and make it simple for designers to give modified outsider applications to their items. “Cambridge aims to constantly improve the API platform within the payments space,” adds Saiko. “The more functionality and data we can provide to our customers within the platform, the better.” About Cambridge Global Payments Cambridge Global Payments, a FLEETCOR company, is a provider of integrated cross-border payment services and currency risk management solutions. As a trusted partner for more than 25 years, Cambridge delivers innovative solutions designed to mitigate foreign exchange exposure and address unique business needs. Our award-winning capabilities and industry-leading technologies simplify the way businesses connect with the global marketplace. As one of the largest bank-independent providers globally, we are flexible and responsive, with offices and applicable licensing and regulatory approvals across North America, Europe, and Australia.

Read More