The company said Tuesday its net income fell to $127.9 million, or 80 cents per share, in the first quarter ended March 31 from $174.76 million, or $1.03 per share, a year earlier.
Harley-Davidson's first-quarter profit fell 26.7% as the motorcycle company struggled with falling demand as well as higher costs from U.S. tariffs on raw materials and European taxes on imports of its motorcycles.
Excluding the impact of tariffs and restructuring costs, the company said Tuesday its net income fell to $127.9 million, or 80 cents per share, in the first quarter ended March 31 from $174.76 million, or $1.03 per share, a year earlier.Its shares jumped by about 2 percent on the better-than-expected earnings.
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