Reuters logo
Harley-Davidson profit falls 40.2 percent
October 17, 2017 / 11:03 AM / 2 months ago

Harley-Davidson profit falls 40.2 percent

Oct 17 (Reuters) - U.S. motorcycle maker Harley-Davidson Inc reported a 40.2 percent drop in quarterly profit as demand continued to weaken among its aging baby-boomer customers and fewer millennials take to motorcycling.

The company said net income fell to $68.2 million, or 40 cents per share, in the third quarter ended Sept. 24, from $114.1 million, or 64 cents per share, a year earlier.

Revenue from motorcycles and related products fell to $962.1 billion from $1.09 billion. (Reporting by Ankit Ajmera in Bengaluru; Editing by Savio D‘Souza)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below