Harley Davidson (NYSE: HOG) reported Q1 EPS of $0.51, $0.02 worse than the analyst estimate of $0.53. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.05 billion.

Sees Q2 shipments of 62,000-67,000 motorcycles.

Cuts low end of prior FY11 guidance: from 221k-228k motorcycles to 215k-228k.

Earnings Guidance