Harley-Davidson's profit falls 72% in first quarter

Harley-Davidson said Tuesday its first-quarter profit fell 72 percent as sales of its high-end bikes remained sluggish.

Harley-Davidson reported a profit of $33.3 million, or 14 cents per share, in the three months ended March 28. That's down from $117.3 million, or 50 cents per share, during the same period last year.

Revenue during the quarter fell 19 percent to $1.04 billion.