From: Reuters
Published January 25, 2008 07:20 AM

Harley-Davidson profit tumbles on weak U.S. sales

CHICAGO (Reuters) - Harley-Davidson Inc <HOG.N> said on Friday that its quarterly earnings fell 26 percent as sales of its iconic motorcycles tumbled in the United States, its biggest and most important market.

The company reported a fourth-quarter net profit of $186.1 million, or 78 cents a share, compared with $252.4 million, or 97 cents a share, last year.

Sales fell 7.7 percent to $1.39 billion, the company said, pulled down by a 14.2 percent decline in U.S. retail sales.

Analysts, on average, expected the Milwaukee-based company to report a profit of 81 cents a share on sales of $1.34 billion.

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(Reporting by James B. Kelleher; Editing by Derek Caney)

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