MILWAUKEE - Harley-Davidson says its first-quarter net profit rose almost 30 percent as it shipped more motorcycles to dealerships across the globe.
The Milwaukee company says it earned $224.1 million, or 99 cents per share, from January through March. That's up from $172 billion, or 74 cents per share, a year earlier.
Harley says the increase came because of lower costs due to restructuring and a 17 percent increase in motorcycle shipments. The company shipped more than 75,000 motorcycles to dealerships in the quarter, up from 64,000 last year.
Revenue rose almost 10 percent to $1.57 billion from $1.43 billion.
The performance beat Wall Street's expectations. Analysts polled by FactSet expected earnings of 97 cents per share on revenue of $1.47 billion.
- Widow of slayed Racine man wants ban of hollow-point bullets
- Wisconsin tribes clash in casino expansion fight
- Arcadia embraces Hispanic population amid immigration talks
- Find of device that looked like military mortar causes scare
- Lawyers for man charged in killing accuse victim's boyfriend
- 3 hospitalized, displaced in near west side fire