DubaiConnect.ae - Economy

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Harley-Davidson loses speed but still beats estimates for quarter

The US motorcycle maker Harley-Davidson, which has showrooms in the UAE, on Thursday reported second-quarter earnings that beat estimates, but trimmed its shipment outlook due to soft demand in the United States, its biggest market.

Earnings per share increased to US$1.55 from $1.44 a year ago and topped analysts' expectations of $1.53.

Harley-Davidson's US market share in the quarter was 49.5 per cent, up 2 points from a year ago.