A good sign for the economy? Harley motorcycles selling like hotcakes

According to CNN (7/20), shares of Harley-Davidson recently soared about 12% after the motorcycle maker posted better-than-expected earnings, boosted by a rebound in its finance unit. The Milwaukee-based company posted a profit from continuing operations of $139.3 million, or 59 cents a share, beating the 41 cents expected by analysts surveyed by Thomson Reuters. Operating income at Harley's financial services unit reached $60.8 million, as compared to a loss of $90.5 million a year earlier.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish