By Anastasia Tomazhenkova: Weak U.S. motorcycle sales caused the 26.3 percent fall of Harley-Davidson Inc. fourth-quarter profit.
Net income for the quarter ended Dec. 31 totaled 186.1 million dollars (Ђ126.92 million), or 78 cents per share, compared with a profit of 252.4 million dollars, or 97 cents per share, a year ago. Revenue dropped 7.7 percent to 1.39 billion dollars (Ђ950 million) from 1.50 billion dollars in the period.
Harley Davidson's analysts had expected a profit of 82 cents per share on revenue of 1.34 billion dollars (Ђ910 million), according to a poll by Thomson Financial. The earnings estimates typically exclude one-time items.
Worldwide retail sales of Harley-Davidson motorcycles were down 6.1 percent in the quarter, and 14.2 percent in the U.S. The company said the domestic heavyweight motorcycle market was down 9 percent in the quarter. Overseas, Harley's sales were up 17.4 percent.
Harley's shipments were down 12.5 to 81,206 units, a drop of 11,642 units.
It has long been understood that the West has been trying to subject Russian borders to total control. We have not seen such activity even during the Cold War
The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations