Harley-Davidson REPORTS 2.8% Sales Increase and 4 Morning Hot Stocks Making Waves
Motorcycle maker Harley-Davidson (NYSE:HOG) reports 2.8 percent growth in retail sales to 85,714 motorcycles, of which the U.S. comprises 55,761 with a growth of 4 percent. Guides for annual sales growing 5 – 7 percent over last year which equates to shipment of 245,000 to 250,000 units, with gross margins of 34.75 percent to 35.75 percent.
Time Warner’s (NYSE:TWX) revenues from publishing fall 9.3 percent on slow magazine advertising; the film and TV entertainment revenues also fall 8.2 percent to $2.6 billion, with The Dark Knight Rises playing a role here; network revenues are a redeeming feature, rising 4.3 percent y-on-y to $3.6 billion due to more NBA games and better pricing.
Lenovo executive Gianfranco Lanci rejects out of hand rumors that his company is likely to acquire phone-maker Nokia (NYSE:NOK): “This must be a joke. There’s nothing ongoing.”
Procter & Gamble’s (NYSE:PG) advertising binge over the course of the Olympics may boost sales by $500 million, considering its foray in the Vancouver Winter Olympics added $100 million in revenues.
Burger King (BKW) reports 5.4 percent higher organic revenues, not counting currency impact and re-franchising costs; strong sales in the U.S. and Canada that built on the largest expansion of the chain’s menu meant comparable sales were up 4.4 percent. The Caribbean and Latin American territories saw a sales growth of 10.5 percent.