Madison
77° F
Partly Cloudy
Partly Cloudy
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
  • Ebola virus pink

    CDC

    What to know: Ebola

    The deadliest Ebola outbreak in history is plaguing West Africa, where at least 660 people have died so far. Learn more about the deadly disease.

  • neighborhood, house

    istock

    Home prices: A tale of 20 cities

    Home prices are continuing to increase, but the rate of increase is slowing down, according to the latest national real estate data.

  • Sky caps, airport departure

    iStock/LeggNet

    Airlines charging the highest fees

    Airlines have been known for increasing their fares in recent years, not giving things away for free -- which is why news that Delta Air Lines plans to offer free entertainment on flights was such a surprise. Check out a list of airlines with the highest fees.

  • Join the Channel 3000 Street Team

    The Channel 3000 Street Team is made up of anyone who wants to hear about and contribute to community and breaking news.

  • Get your weather app

    Channel3000.com and WISC-TV3 deliver local forecasts, live radar, school closings and alerts for Madison and South Central Wisconsin to iOS or Android devices.

  • Learn more about WISC-TV

    Meet the News 3 staff, learn about our newscasts, search our job postings and find out how to contact us.

Advertisement