Harley-Davidson posts bigger-than-expected loss

MILWAUKEE - January 22, 2010

Its shares fell more than 6 percent in premarket trading.

Harley has been reorganizing its business over the past year to cope with falling demand, cutting employees, closing facilities and shuttering or selling brands.

The company lost $218.7 million, or 94 per share, for the three months ended Dec. 31. That's a reversal from a profit of $77.8 million, or 34 cents per share, a year ago.

It says its loss from continuing operations amounted to 63 cents per share as sales fell to 23 percent to $764.5 million.

Analysts expected a loss of 32 cents a share on sales of $764.3 million.

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