HARLEY POSTS LOSS
HARLEY Davidson posted a loss of $US218.7 million in the final quarter of 2009, its first quarterly loss in 16 years.
Meantime, Harley Davidson chief executive officer Keith Wandell banked a pay package of $US6.4 million for his first eight months on the job, according to an Associated Press (AP) report which quoted "regulatory filings."
According to the AP report, Wandell was paid a base salary of $US650,025, plus a bonus of $US780,000, as well as stock options of $US4.9 million at the time they were issued, as well as other "compensation".
1 comments:
First Quarter Results are also just out.
Website Det News Reports:
Harley-Davidson 1Q profit skids 71 percent
Milwaukee -- Harley-Davidson says its first-quarter profit fell 71 percent as the company continues to deal with falling motorcycle sales.
Harley-Davidson CEO Keith Wandell says business conditions will remain challenging throughout the year.
The company says it earned $33.3 million, or 14 cents per share, during the three months ended March 28. That's down from $117.3 million, or 50 cents per share, a year ago.
Excluding losses from discontinued operations, the Milwaukee company made 29 cents per share. Revenue fell 19 percent to $1.04 billion.
Analysts expected profit of 22 cents per share on $1.02 billion in revenue.
From The Detroit News: http://www.detnews.com/article/20100420/BIZ/4200385/1148/auto01/Harley-Davidson-1Q-profit-skids-71-percent#ixzz0ltrTbS9E
Post a Comment