Advertisement

Also

Share

* Harley-Davidson Inc. reported a 30% jump in first-quarter profit as strong sales helped it shrug off the lingering economic downturn. The company earned $119.9 million, or 39 cents per share, compared with $92 million, or 30 cents per share, in the year-ago period, beating estimates. The manufacturer said it has raised its Harley-Davidson motorcycle production target for 2002 to 261,000 units from its previous target of 258,000 units as revenue rose 19% to $927.8 million.

* Robert Half International Inc. said first-quarter profit plummeted 81% to $9.1 million, or 5 cents a share, matching analysts’ reduced forecast, as demand for the company’s recruiting and staffing services remained weak. Revenue dropped 35% to $468.5 million.

* Bristol-Myers Squibb Co. said Chief Financial Officer Fred Schiff will depart, less than two weeks after the drug maker announced sweeping organizational changes designed to get itself back on track. Bristol-Myers said Harrison M. Bains, vice president of tax and treasury, will serve as acting chief financial officer while the company searches for a new finance head. The company also reaffirmed its lowered first quarter and 2002 earnings forecast.

Advertisement

* Retailer J.C. Penney Co. and cosmetics maker Avon Products Inc. are working to touch up Avon’s first attempt to sell at retail stores after Penney’s said sales failed to live up to expectations.

Advertisement