Harley-Davidson 2Q profit jumps on bike demand - WAOW - Newsline 9, Wausau News, Weather, Sports

Harley-Davidson 2Q profit jumps on bike demand

MILWAUKEE, Wis. (AP) -- Harley-Davidson's second-quarter profit more than doubled as it posted its first U.S. sales increase since 2006.

The motorcycle maker says it earned $190.6 million, or 81 cents per share, up from $71.2 million, or 30 cents per share, in the same quarter last year. The 2010 results included losses of 29 cents per share related to discontinued operations.

Motorcycle and related product revenue rose 18 percent to $1.34 billion.

U.S. retail sales of new motorcycles grew 7.5 percent to 53,599 bikes. Globally, sales rose 5.6 percent.

Harley also boosted its shipment forecast for 2011. It now expects to ship between 228,000 and 235,000 new bikes worldwide. That represents an increase of 8 percent to 12 percent over 2010 levels.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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