Harley-Davidson 4Q earnings rise 6.8 per cent as motorcycle sales grow worldwide - InfoNews

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Harley-Davidson 4Q earnings rise 6.8 per cent as motorcycle sales grow worldwide

FILE - This Monday, July 16, 2012, photo, shows a sign for Harley-Davidson Motorcycles at the Harley-Davidsonstore in Glendale, Calif. Harley-Davidson Inc. reports quarterly earnings on Thursday, Jan. 30, 2014. (AP Photo/Grant Hindsley, File)
January 30, 2014 - 4:51 AM

MILWAUKEE - Harley-Davidson's fourth-quarter earnings rose 6.8 per cent as motorcycle sales continued to rise worldwide.

The Milwaukee company says global sales of new motorcycles grew 5.7 per cent in the quarter and 4.4 per cent for the full year as buyers responded to its new model lineup.

Harley-Davidson posted fourth-quarter net income of $75.4 million, up from $70.6 million a year ago.

That's 34 cents per share, compared with 31 cents in the last quarter of 2012. Revenue rose 2.1 per cent to $1.03 billion.

The company beat Wall Street's earnings expectations for the quarter. Analysts polled by FactSet expected 33 cents per share, on revenue of $1.04 billion.

News from © The Associated Press, 2014
The Associated Press

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