For the first quarter the motorcycle maker reported earnings of $1.21 a share, beating estimates of $1.08 a share by 13 cents. Revenue grew 22.7% from the year-ago quarter to $1.73 billion. Analysts surveyed by Thomson Reuters expected revenue of $1.53 billion.
The company said it sold 57,415 new motorcycles in the first quarter, a 5.8% increase from the year-ago period. Sales increased by 3% to 35,370 in the U.S. in the quarter.
Looking to the rest of 2014 Harley-Davidson maintained is forecast of 279,000 to 284,000 motorcycles shipped by the end of the year.
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TheStreet Ratings team rates HARLEY-DAVIDSON INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate HARLEY-DAVIDSON INC (HOG) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."