Harley bouyed by profit boost

"Conditions will remain challenging" says Company CEO

AFTER A LENGTHY period of uncertainty, Harley-Davidson has reported better first-quarter profits than financial experts had predicted for the US motorcycle manufacturer.

The company posted share earnings of $33.3 million, down from $117.3 million from the same period last year.

Company share prices rose 7.3% this week, closing at $35.17 on Tuesday.

Net revenue dropped to $1.04 billion from $1.28 billion; the decline has been squarely attributed to a worldwide slump in motorcycle sales.

Despite the buoyant results, Harley CEO Keith Wandell said the company weren't in the clear yet:

"Given the global economic uncertainty that still exists, we believe AFTER A LENGTHY period of uncertainty, Harley-Davidson has reported better first-quarter profits than financial experts had predicted for the US motorcycle manufacturer.

The company posted share earnings of $33.3 million down from $117.3 million from the same period last year.

Company share prices rose 7.3% higher this week, closing at $35.17 on Tuesday.

Net revenue dropped to $1.04 billion from $1.28 billion; the decline has been squarely attributed to a worldwide slump in motorcycle sales.

Despite the buoyant results, Harley CEO Keith Wandell said the company weren't in the clear yet:

"Given the global economic uncertainty that still exists, we believe conditions will remain challenging throughout this year, and we will continue to factor that into how we manage the business," he said., and we will continue to factor that into how we manage the business," he said.

via Marketwatch

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