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Harley-Davidson Posts A Strong Rise In Q3 Profit

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Milwaukee, US (Oct 14) – Harley-Davidson announced its third-quarter profit rose nearly 16%, citing robust worldwide motorcycle shipments. However, the company lowered the bottom range on longterm shipments forecast due to rising fuel costs and consumer confidence, as part of a “just in case” financial move. Looking ahead, Harley-Davidson forecast shipments of between 348,000 to […]

Milwaukee, US (Oct 14) – Harley-Davidson announced its third-quarter profit rose nearly 16%, citing robust worldwide motorcycle shipments.
However, the company lowered the bottom range on longterm shipments forecast due to rising fuel costs and consumer confidence, as part of a “just in case” financial move.
Looking ahead, Harley-Davidson forecast shipments of between 348,000 to 352,000 motorcycles for next year. The company is calling that target conservative, again citing rising fuel costs as well as interest rates.
Harley-Davidson says it is also widening its long-term forecast for wholesale unit growth to a range of 5 to 9 % annually, and annual earnings per share growth ranging from 11 to 17 %.

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