Harley-Davidson reduces third-quarter shipments

Along with anticipated lower revenue, Harley-Davidson, Inc. has lowered its shipment guidance for the third quarter of 2007, the company said in a press release Sept. 7.

The company expects to ship between 86,000-88,000 Harley-Davidson motorcycles for the quarter. Shipments of between 91,000-95,000 units were originally planned for the quarter. Shipments for the full year are expected to be in the range of 328,000- 332,000.

The company now expects a modest decline in revenue for 2007. Diluted earnings per share for the full year 2007 are expected to be down 4 to 6 percent.

The company had previously provided guidance for 2009 as well, but will not be providing that guidance at this time.

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