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July 17, 2006
Harley-Davidson's Earnings Were In line
This will be a busy week for earnings. Harley-Davidson (HDI) leads off by reporting 91 cents a share which matches the Street's estimates.
Motorcycle maker Harley-Davidson Inc. on Monday said second-quarter profit grew 3 percent, helped by double-digit growth of international sales.
Earnings rose to $243.4 million, or 91 cents per share, for the three months ended June 25 compared to $237.4 million, or 84 cents per share, during the same period last year.
Revenue grew 3 percent to $1.38 billion from $1.33 billion last year.
Analysts predicted a profit of 91 cents on revenue of $1.36 billion, according to a poll by Thomson Financial of 19 analysts.
The company said U.S. retail motorcycle sales grew 8.1 percent, while international sales jumped 17.3 percent.
Worldwide, Harley-Davidson's dealer network sold 125,000 motorcycles during the quarter, a 10 percent rise over the prior-year period.
The shares are up in early trading.
Posted by edelfenbein at July 17, 2006 9:43 AM
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