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Harley earnings up, little mention of strike

Iconic motorcycle maker Harley-Davidson today reported earnings of $290.5 million for the second quarter – up 19.4 percent from its year-ago quarter.

Iconic motorcycle maker Harley-Davidson today reported earnings of $290.5 million for the second quarter – up 19.4 percent from its year-ago quarter.

Earnings per share were $1.14. Analysts had expected $1.13.

Officials with the Milwaukee-based company, which makes about 60 percent of its motorcycles in York County, made few mentions of the strike that occurred early this year at its local plant. However, James L. Ziemer, Harley director, president and chief executive officer, said the company was negotiating with workers at Harley’s Kansas City plant. The Kansas City labor contract expires Aug. 1. The company hopes there will be no production interruption at the Missouri plant, Ziemer said.

For the next quarter, Harley expects to ship between 91,000 and 95,000 bikes, said Thomas E. Bergmann, vice president and chief financial officer. And the manufacturer still expects international retail sales to continue outpacing domestic sales, he said.

For all of 2007, Harley expects earnings-per-share growth of between 4 percent and 6 percent, according to the company.

Shares of Harley – trading under the ticker symbol HOG on the New York Stock Exchange – were down 4.60 percent to 448.34 just before 10 a.m. – Andréa Maria Cecil

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