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Harley-Davidson profit falls 40.2 percent

Oct 17 (Reuters) - U.S. motorcycle maker Harley-Davidson Inc reported a 40.2 percent drop in quarterly profit as demand continued to weaken among its aging baby-boomer customers and fewer millennials take to motorcycling.

The company said net income fell to $68.2 million, or 40 cents per share, in the third quarter ended Sept. 24, from $114.1 million, or 64 cents per share, a year earlier.

Revenue from motorcycles and related products fell to $962.1 billion from $1.09 billion. (Reporting by Ankit Ajmera in Bengaluru; Editing by Savio D'Souza)