arley-Davidson's third-quarter earnings rose 21 per cent, as the buyers in the US and abroad snapped up a lineup of new motorcycles that was introduced in August.
The Milwaukee company said US sales were up 20 per cent from July through September, while international sales rose 6.5 per cent. 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 per cent more than a year ago. Sales rose 10 per cent in the Asia-Pacific region, and gained nearly 16 per cent in Latin America. Operating income from the company’s financial services segment was $76.1 million for the quarter, up 5.1 per cent from a year ago, reflecting higher interest income.
The Milwaukee company said US sales were up 20 per cent from July through September, while international sales rose 6.5 per cent. 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 per cent more than a year ago. Sales rose 10 per cent in the Asia-Pacific region, and gained nearly 16 per cent in Latin America. Operating income from the company’s financial services segment was $76.1 million for the quarter, up 5.1 per cent from a year ago, reflecting higher interest income.