Harley Davidson profit falls 26.7 percent

April 23, 2019

(Reuters) – Harley-Davidson Inc reported a 26.7 percent fall in quarterly profit on Tuesday, hit by a slide in sales in the United States and higher costs from European tariffs on imports of its motor bikes.

The company said its net income fell to $127.9 million, or 80 cents per share, in the first quarter ended March 31 from $174.76 million, or $1.03 per share, a year earlier.

Revenue from motorcycles and related products fell 12.3 percent to $1.19 billion.

(Reporting by Rachit Vats in Bengaluru and Rajesh Kumar Singh in Chicago; Editing by Anil D’Silva)

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