NEW YORK (MarketWatch) -- Harley-Davidson Inc. HOG, +3.93% said Thursday its third-quarter net income dropped 84% to $26.48 million, or 11 cents a share, from $166.54 million, or 71 cents a share in the year-ago period. The Milwaukee-based motorcycle manufacturer was expected to earn 23 cents a share, according to a survey by FactSet Research. Harley's latest quarter included a one-time fixed-asset impairment charge of $14.2 million related to Buell and a goodwill impairment charge of $18.9 million related to MV Agusta. Looking ahead, the company will discontinue production of Buell motorcycles, resulting in the loss of 180 jobs over time. It'll book one-time charges of $215 million to $245 million in 2009 and 2010, about $55 million ahead of its July projections. The company expects to ship 35,000 to 40,000 motorcycles in the fourth quarter.