Sales throttle back for Harley-Davidson

Harley-Davidson Inc. said Thursday it's keeping a tight rein on motorcycle production after a greater-than-expected decline in U.S. sales during a key three-month period.

The world's largest manufacturer of heavyweight bikes said it would watch closely - and possibly scale back - wholesale shipments for the rest of the year.

In the second quarter, Harley said net income rose 19.3% to $290.5 million, or $1.14 a share, from $243.4 million, or 91 cents, a year earlier. The earnings beat analysts' estimates by a penny a share.

Revenue increased 17.7% to $1.62 billion from almost $1.38 billion, driven largely by sales overseas.

Read Full Article from Milwaukee Journal Sentinel

- Posted: 2007-07-20 10:07:46

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