MILWAUKEE, Wis. ( TheStreet) -- Harley-Davidson ( HOG) stock plunged after the company reported a net loss in the fourth quarter. Harley-Davidson stock has fallen 4.7% to $24.40 in morning trading. Harley-Davidson reported a net loss of $218.7 million or diluted losses per common share of 94 cents vs $77.8 million or 34 cents in the same period last year. "Our full-year 2009 results were affected by the difficult economy, as well as the planned actions we took that resulted in restructuring charges of $224 million," Keith Wandell, Harley-Davidson's chief executive officer said in a statement. "We are confident we have made the right decisions for our future, and we are executing our strategy with focused intensity." The company posted net revenue of $764.5 million in the fourth quarter, down 40% compared with results from the same period the year before. A survey of analysts by Thomson Reuters estimated a loss of 32 cents a share on revenue of $764.4 million. Harley-Davidson said for 2010 the company expects to ship 201,000 to 212,000 Harley-Davidson motorcycles to dealers and distributors worldwide -- a reduction of 5% to 10% from 2009.
In the first quarter of 2010, Harley-Davidson expects to ship 52,000 to 57,000 motorcycles. Other companies in the motorcycle space have been trading in mixed territory. Polaris Industries ( PII) has edged lower to $43.80, down 0.9%. Meanwhile, Kandi Technologies ( KNDI) has fallen 2.7% to $5. -- Reported by Andrea Tse in New York >>See our new stock quote page. Follow TheStreet.com on Twitter and become a fan on Facebook.