April 24, 2018 / 10:58 AM / 5 months ago

Harley-Davidson profit drops 6.2 pct

April 24 (Reuters) - Harley-Davidson Inc reported a 6.2 percent fall in quarterly profit on Tuesday as shipments fell.

The Milwaukee, Wisconsin-based company said its net income fell to $174.8 million, or $1.03 per share, in the first quarter ended April 1, from $186.4 million, or $1.05 per share, a year earlier.

Revenue from motorcycles and related products rose 2.7 percent to $1.36 billion.

The company reaffirmed its full-year shipments forecast of between 231,000 and 236,000 units. (Reporting by Arunima Banerjee in Bengaluru Editing by Saumyadeb Chakrabarty)

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