This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Harley-Davidson Turns in Strong Growth

NEW YORK ( TheStreet) -- Harley-Davidson (HOG - Get Report) nudged past analysts' estimates, reporting third-quarter income up more than 98% from a year ago.

The motorcycle maker posted third-quarter income of $183.6 million, or 78 cents a share, compared to $93.7 million or 40 cents a share, in the year-ago period. Revenue was $1.23 billion, up from $1.09 billion a year ago.

Analysts were looking for earnings per share of 76 cents on revenue of $1.29 billion.

Worldwide motorcycle sales grew 5.1%, while U.S. sales grew 5.6%.

The company's CEO Keith Wandell credited the growth to strategic changes implemented two years ago.

Harley Davidson

"We are pleased with our sustained progress and we continue to realize strong momentum in the transformation of our business," Wandell said.

Harley-Davidson lowered guidance on gross margin for the full year 2011 to be between 33.5% and 34.5%, compared to previous estimates of 34% to 35%.

-- Written by Carlton Wilkinson

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
HOG $57.50 0.47%
AAPL $132.65 1.82%
FB $81.91 0.47%
GOOG $555.37 -1.71%
TSLA $231.55 6.01%


DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs