Harley-Davidson cut quarterly profit and earnings figures

Harley-Davidson, the largest motorcycle manufacturer in the United States, in the second quarter reduced its net profit to 242 million 300 thousand dollars from 258 million 900 thousand dollars for the same period last year. In earnings per share, the profit was 1 dollar 45 cents while the analysts had predicted 1 dollar 34 cents per share. Revenues decreased by 3.3% to 1 billion 530 million dollars, also exceeding the forecasts of the experts. World supplies decreased by 11.3% to 72,600 units. According to the company estimates, the return duties imposed by the EU authorities on the import of American goods, which also affected Harley-Davidson motorcycles, will lead to an increase in the price of the company's products by an average of 2 thousand 200 dollars for each European buyer.

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