Harley News: HOG post higher-than-expected profits

Harley-Davidson Inc posted a stronger-than-expected quarterly profit today, lifted by strong sales growth outside its core North American market.

The U.S. motorcycle maker reported first-quarter net income of $265.9 million, or $1.21 a share, up from $224.1 million, or 99 cents a share, a year earlier.

Analysts on average had expected the Milwaukee-based company to report a profit of $1.08 a share, according to Thomson Reuters I/B/E/S.

Sales rose 10.2 percent to $1.73 billion, the company said.

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