Harley-Davidson to Cut More Jobs as First Quarter Profit Dips

By: Associated Press Email
By: Associated Press Email

Stay up-to-date with KAKE News:

Harley-Davidson Inc. says its first-quarter profit fell 37 percent and expects to cut as many as 400 more jobs as the motorcycle market remains sluggish.

The company said Thursday it earned $117.3 million, or 50 cents per share, in the three months ended March 29. That's down from $187.6 million, or 79 cents per share, a year ago.

Excluding charges, Harley says it earned 59 cents per share. Thomson Reuters says analysts expected earnings of 51 cents per share excluding irtems.

The motorcycle maker says its revenue slipped 2 percent to $1.29 billion.

Harley says it expects to cut an another 300 to 400 blue-collar workers over the next two years. That brings the total expected cuts to 1,400 to 1,500 over that period.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 43100992 - kake.com/a?a=43100992
Gray Television, Inc.