The motorcycle manufacturer reported revenue decrease of 6% to $1.54 billion, almost in line with analysts’ expectations of $1.52 billion. Results were disappointing but not unexpected. The company knew in September that sales were slowing and expects a challenging environment next year. Harley repurchased 9.7 million shares of stock, at a cost of $509 million. For 2007, Harley expects to ship between 328,000 and 332,000 motorcycles, down from 349,196 in 2006.
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It is not good news. Harley Davidson's 3rd quarter earnings decrease because of the dull domestic market. I meet many friends on a site called bikerkiss. We usually talk about Harley together. Most of us still think Harley will get out of its plight.
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