Harley Davidson 4Q profit up 9.7 pct |
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Thu, 18 Jan 2007 13:34
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MILWAUKEE (AFX) - Harley Davidson Inc. said Thursday fourth-quarter profit was up 9.7 percent on strong international sales of its namesake motorcycles.Net income for the quarter ended Dec. 31 totaled $252.4 million, or 97 cents per share, compared with a profit of $230 million, or 84 cents per share, a year ago. Revenue climbed 11.9 percent to $1.50 billion from $1.34 billion last year.Analysts had expected a profit of 96 cents per share on revenue of $1.44 billion, according to a poll by Thomson Financial.Worldwide retail sales of Harley Davidson motorcycles grew 6.4 percent. Shipments grew 6 percent to 92,848 units. Domestically, sales were up only 0.3 percent but overseas, sales of the iconic bikes were up 29.4 percent.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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