WEAU | Eau Claire, Wisconsin | News, Weather, & Sports

SkyWarn13 Weather Alert: Heavy accumulations of wet snow likely for the Northern Chippewa Valley

Harley-Davidson first-quarter profits beat estimates

MILWAUKEE (AP) -- Harley-Davidson says its first-quarter net profit rose almost 30 percent as it shipped more motorcycles to dealerships across the globe.

The Milwaukee company says it earned $224.1 million, or 99 cents per share, from January through March. That's up from $172 billion, or 74 cents per share, a year earlier.

Harley says the increase came because of lower costs due to restructuring and a 17 percent increase in motorcycle shipments. The company shipped more than 75,000 motorcycles to dealerships in the quarter, up from 64,000 last year.

Revenue rose almost 10 percent to $1.57 billion from $1.43 billion.

The performance beat Wall Street's expectations. Analysts polled by FactSet expected earnings of 97 cents per share on revenue of $1.47 billion.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WEAU 13 NEWS 1907 S. Hastings Way Eau Claire, WI 54701 By Phone: Main Number (715) 835-1313 and (715) 832-3474. Tip Line (715) 839-WEAU - (715) 839-9328 Sports Line (715) 852-1537
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 204703001