Summary Box: Harley-Davidson net income rises

AP News
Posted: Apr 19, 2011 4:53 PM
Summary Box: Harley-Davidson net income rises

RESULTS: Motorcycle maker Harley-Davidson Inc. said its first-quarter net income more than tripled, but sales slipped in its largest market, the United States.

THE PLUS: Most of Harley's gain was spurred by its financial services division, which saw operating earnings rise more than 150 percent.

THE MINUS: Harley's U.S. sales fell 0.5 percent from a year earlier as the economy weighed on motorcycle buyers. Harley executives said high-end motorcycles are a discretionary purchase that people are still reluctant to make because of high unemployment and declining home values.