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Harley-Davidson Q2 revenues remain flat at $1.13bn

CEO expects market to 'remain challenging' in 2010.

Harley-Davidson has reported total revenues of $1.13bn for the second quarter of 2010 which remains flat compared with the same quarter in 2009.
The company's operating income for the second quarter were $158m which is a decrease of 9.4% compared to $174.1m for the same period last year.

The company posted income before income taxes of $196.7m for the second quarter of 2010 compared to $83.1m for the same quarter in 2009.
For the quarter ended June 27, 2010, the company posted net income of $71.1m, or $0.59 per share, compared to $19.7m, or $0.14 per share, for the same period last year.

Keith Wandell, president and CEO of Harley-Davidson, said: "We are seeing the benefits of our restructuring and continuous improvement activities reflected in our earnings performance.

"We are pleased with the continued moderation in the rate of decline of retail new Harley-Davidson motorcycle sales again in the second quarter.

"At the same time, we continue to believe conditions will remain challenging this year for new motorcycle purchases and we will manage the business based on that expectation, with a continued strong focus on managing supply in line with demand."