Milwaukee Business Journal: Demand for Harley-Davidson motorcycles is weak
MILWAUKEE — The Milwaukee Business Journal says Harley-Davidson Inc. reported earnings Tuesday that showed continued weak demand for motorcycles, particularly in the U.S., resulted in lower sales and earnings for the third quarter.
Milwaukee-based motorcycle manufacturer Harley-Davidson reported net income for the third quarter of $114.1 million, or 64 cents per share, compared with $140.3 million, or 69 cents per share, for the same period a year ago. That matches analysts’ consensus for the third quarter, according to Reuters.
Net motorcycle and product sales for the period declined to $1.09 billion from $1.14 billion. Total sales, including financial services revenue, declined to $1.27 billion from $1.32 billion.
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