Source AP ©

Harley-Davidson 3Q profit fall 15.3 percent

Harley-Davidson Inc. earnings dropped down 15.3 percent because of sluggish U.S. motorcycle sales.

Net income for the quarter ended Sept. 30 totaled $265 million (EUR185.3 million), or $1.07 per share, compared with a profit of $312.7 million, or $1.20 per share, a year ago. Revenue dropped 5.8 percent to $1.54 billion (EUR1.08 billion) from $1.64 billion last year.

The earnings decline still beat Wall Street projections. Analysts had expected a profit of $1.05 per share on revenue of $1.52 billion (EUR1.06 billion), according to a poll by Thomson Financial. Revenue was slightly above analyst expectations of $1.52 billion.

Worldwide retail sales of Harley-Davidson motorcycles were flat in the quarter, down 0.2 percent. Shipments were down 10.8 percent to 86,535 units, as the company had predicted they would be in September. Domestically, sales were down 2.5 percent, while overseas, Harley's sales were up 8.8 percent.

The Kremlin believes that new possible sanctions against Russia may lead to disastrous consequences, as Washington's actions will come contrary to the generally accepted rules of international trade

New 'bill from hell' against Russia to bring hell to USA

US Deputy Representative to the UN, Jonathan Cohen, stated that Russia should return the Crimea and the Donbass region to Ukraine so that the United States could lift anti-Russian sanctions

US wants Russia to return Crimea, forget Donbass