© Reuters. SUBMIT PICTURE: Harley-Davidson motorbikes stand in a garage at Harley-Davidson supplier in Wrigleyville community, in Chicago, Illinois, UNITED STATE, July 13, 2022. REUTERS/Bianca Flowers
( Reuters) – Harley-Davidson Inc (NYSE:-RRB- reported a close to 37% increase in quarterly revenue on Thursday as greater costs for its preferred versions fell short to damage need.
Shares for the Milwaukee-based maker were up 6.8% at $34.9 in premarket trading.
The bike manufacturer applied a collection of rate walkings in the previous 2 years for its preferred Trike, Cruiser as well as Touring versions to assist balance out greater basic material as well as logistics expenses despite climbing inflation.
Sales from motorbikes as well as associated items increased 21% to $1.56 billion
Internet revenue increased to $304 million, or $2.04 per share, in the initial quarter, from $222.5 million, or $1.45 per share, a year previously.
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