Harley Davidson Stock Soars on Earnings Surprise
On April - 26 - 2010
American icon motorcycle manufacturer Harley-Davidson (NYSE: HOG) shares roared Tuesday, rising more than 8.5% after the company announced stronger-than-expected earnings results for the first-quarter.
Milwaukee-based Harley-Davidson, Inc. reported earnings of $33.3 million, or 14 cents a share, down from $117.3 million, or 50 cents a share, in the year-ago period.
Net revenue dropped to $1.04 billion from $1.28 billion as motorcycle sales continued falling.
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