Madison
50° F
Overcast
Overcast
Advertisement

Harley-Davidson 1Q profit beats Street estimates

Published On: Apr 25 2013 08:50:26 AM CDT
Updated On: Apr 25 2013 08:52:35 AM CDT

MILWAUKEE -

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.

Advertisement
  • jack-o-lantern Halloween pumpkin

    Juliet James/SXC

    Halloween

    Games, recipes, trick-or-treating, scary movies and everything else you need to make your Halloween extra spooky.

  • Politician, politics, debate, election

    iStock / bns124

    Election Coverage

    Get up-to-date on political stories, Reality Check the latest political ads, learn about the candidates and find election results in our special section.

  • Ebola virus pink

    CDC

    Ebola special coverage

    Get the latest news on the Ebola outbreak and resources to help you learn more about the deadly virus.

Advertisement