Harley-Davidson Inc., which last month warned that the slowing economy would result in lower sales and profits, reported a 15% drop in third-quarter net income and said it foresees a challenging U.S. retail market in 2008.
The iconic motorcycle maker reported net income of $265 million, or $1.07 a share, for the quarter, compared with $312.7 million, or $1.20 a share, a year earlier. During the quarter, the company repurchased $509 million of its common stock.
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I am very sorrey to hear that. I think the company must take some measures to turn its decling situation. I meet many friends on a site caled bikerkiss. They are Harley enthusiasts. We usually talk about Harley together. Most of us think it is a good way to expand the abroad markets.
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