Harley-Davidson reported Q3 net income of $42.8 million (40c/share), down from $377.4 million ($3.10) a year ago, missing the 47c consensus. Revenue fell to $964 million, below the $1.07 billion estimate. Global retail motorcycle shipments declined 8% to 33,616 units as part of a dealer inventory strategy. Global retail sales rose 5%. The company raised its full-year global retail sales forecast to 135,500-139,000 units from 133,500-138,500.
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