Harley profit rises as pent-up demand fuels improved shipments

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(Reuters) – Harley-Davidson Inc (NYSE:HOG) reported a 38% jump in quarterly profit on Wednesday as higher shipments and strong pricing allowed the 119-year-old motorcycle maker to navigate cost inflation.

Net profit rose to $261 million, or $1.78 per share, in the third quarter ended Sept 25, from $163 million, or $1.05 per share, a year earlier.