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Harley-Davidson's profit declines 25.6 percent on lower shipments


REUTERS - Iconic motorcycle maker Harley-Davidson Inc reported a 25.6 percent fall in quarterly profit, hurt by a drop in shipments.The Milwaukee-based company's net income fell to $186.37 million, $1.05 per share, in the first quarter ended March 26, from $250.49 million, or $1.36 per share, a year earlier.Revenue from motorcycles and related products fell 15.7 percent to $1.33 billion. (Reporting by Rachit Vats in Bengaluru; Editing by Maju Samuel)(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, April 18 2017. 16:39 IST