Harley tops the Street again (HDI) By William Spain
After the closing bell Thursday, motorcycle maker Harley-Davidson rolled out yet another record quarter, earning $118.4 million -- or 39 cents per share. That not only tops the $93.9 million and 31 cents in earned in the year-ago period but also beats the consensus estimate of Wall Street analysts polled by Thomson Financial/First Call by two cents. Revenue for the period climbed better than 18 percent to $894 miilion. And the company intends to boost production levels yet again -- to 285,000 motorcyles -- "even though the world is experiencing difficult economic conditions," said CEO Jeff Bleustein. "We will continue to manage our business for the long-term while carefully monitoring the motorcycle market and other near-term indicators." Shares in Harley (HDI) closed up 90 cents, or 1.7 percent, to $54.30 Thursday.
Keep the Faith!
M&M Man
