Harley-Davidson profit tops estimates on overseas sales

U.S. motorcycle maker Harley-Davidson profit topped Wall Street estimates on Tuesday for the sixth straight quarter, as sales of its bikes overseas edged up, although the company warned that new European Union tariffs would squeeze its operating margins.

International shipments rose 2.4 percent to 29,546 motorcycles in the quarter.

The results come nearly a month after the motorcycle maker, which has been at the center of the brewing trade war between the United States and the European Union, said it planned to shift production for European customers overseas to avoid EU tariffs, a move that was slammed by U.S. President Donald Trump.

Harley, which commands about half of the U.S. big-bike market, said it shipped 72,593 motorcycles in the quarter globally, down 11.3 percent from a year earlier, and maintained its full-year shipments forecast range of between 231,000 and 236,000 motorcycles.

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