When Harley-Davidson reports its third quarter earnings tomorrow morning, investors expect to hear good news. The American motorcycle company saw five years of declining sales, but things are looking up at Harley. H-D is expected to report its third straight quarter of rising sales tomorrow.
Forbes predicts that Harley-Davidson will post revenues of about $.3 billion in the third quarter. During the same time period in 2010, Harley's revenues were hovering around $850 million.
Forbes reports that the company is expected to report earnings of "$0.76 per share, up 47.4% from the same quarter last year."
And things should keep getting better for Harley. The current quarter includes the Holiday season, which always boosts Harley sales. Experts are predicting that the company will see a 10.1% year-over-year growth in revenues.
Harley, which just opened a new headquarters in Miami, said that they plan to ship 60,000-65,000 motorcycles in the third quarter. The company expects to ship a total of 228,000-235,000 during 2011, up about 10% from last year.