Harley-Davidson 4Q earnings up 6.8 percent

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Associated Press

Posted on January 30, 2014 at 8:00 AM

Updated Thursday, Jan 30 at 8:02 AM

MILWAUKEE (AP) — Harley-Davidson's fourth-quarter earnings rose 6.8 percent as motorcycle sales continued to rise worldwide.

The Milwaukee company says global sales of new motorcycles grew 5.7 percent in the quarter and 4.4 percent for the full year as buyers responded to its new model lineup.

Harley-Davidson posted fourth-quarter net income of $75.4 million, up from $70.6 million a year ago.

That's 34 cents per share, compared with 31 cents in the last quarter of 2012. Revenue rose 2.1 percent to $1.03 billion.

The company beat Wall Street's earnings expectations for the quarter. Analysts polled by FactSet expected 33 cents per share, on revenue of $1.04 billion.

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