Harley-Davidson 3Q earnings up to speed
by CBJ Staff
November 04, 2013 12:00 AM | 681 views | 0 0 comments | 2 2 recommendations | email to a friend | print
Harley-Davidson's third-quarter earnings rose 21 percent, as buyers in the U.S. and abroad snapped up a lineup of new motorcycles that was introduced in August.

The company has three locations in Cobb.

The Milwaukee company said U.S. sales were up 20 percent from July through September, while international sales rose 6.5 percent. The quarter continued the company's comeback from the economic meltdown in 2008.

Harley-Davidson made $162.7 million, or 73 cents per share, during the third quarter, up from $134 million, or 59 cents per share, a year ago. Revenue from motorcycles and related products rose 8 percent to $1.18 billion.

The company matched Wall Street's expectations for the quarter. Analysts polled by FactSet expected earnings of 73 cents per share on revenue of $1.17 billion.

The company said it sold almost 71,000 motorcycles worldwide during the quarter, nearly 16 percent more than a year ago. Sales rose 10 percent in the Asia-Pacific region, and gained nearly 16 percent in Latin America.

Buyers responded well to Harley's new Project Rushmore line of motorcycles that was introduced on Aug. 18, Chairman and CEO Keith Wandell said in a statement. "Initial retail sales of the new Project Rushmore motorcycles sparked the largest year-over-year new model sales increase in two decades," Wandell said.

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