UPDATE: Harley-Davidson Q1 Profit Surges 30%
Harley-Davidson (NYSE: HOG) reported a 30% rise in its first-quarter profit.
Harley-Davidson's quarterly profit surged to $224.1 million, or $0.99 per share, from $172 million, or $0.74 per share, in the year-ago period.
Its revenue rose 11% to $1.41 billion. However, analysts were expecting earnings of $0.99 per share on revenue of $1.46 billion.
Its gross margin rose to 36.7% from 35.9%, while motorcycle shipments climbed 17% to 75,222.
Harley-Davidson shares gained 0.56% to $53.50 in pre-market trading.
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