Harley-Davidson 2Q profit rises 30 percent

Written By THE ASSOCIATED PRESS Posted: 07/22/2014, 01:54am

MILWAUKEE — Harley-Davidson Inc. on Tuesday reported net income that climbed by 30 percent in its second quarter, and topped analysts’ expectations.

The Milwaukee-based company said earnings rose to $354.2 million, or $1.62 per share, from $271.7 million, or $1.21 per share, in the same quarter a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for profit of $1.46 per share.

The company said revenue rose 12 percent to $2 billion from $1.79 billion in the same quarter a year earlier, also beating Wall Street forecasts. Analysts expected $1.84 billion, according to Zacks.

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