Harley-Davidson Beats Estimates, Says Sales Outlook Remains Strong

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Harley-Davidson

(HDI)

beat Wall Street's earnings expectations, and said that the outlook for retail sales of the company's motorcycles continues to be strong.

The company reported fourth-quarter earnings of $93.9 million today, or 31 cents a diluted share, up from $74.2 million, or 24 cents a share, in the year-ago period. Analysts expected the company to earn 29 cents in the quarter, according to

Baseline

.

The motorcycle maker, which is based in Milwaukee, also reported revenue of $756.2 million for the quarter ended Dec. 31, up 14.1% from $662.5 million last year.

Harley-Davidson's shares gained 94 cents, or 2.5%, to $38.69 in

New York Stock Exchange

trading today.