Why Harley-Davidson Stock Soared Today
Shares of Harley-Davidson (NYSE: HOG) jumped 15.5% on Tuesday after the motorcycle maker delivered a surprisingly strong fourth-quarter earnings report.
Harley-Davidson's revenue surged 40% year over year to $1 billion, driven by a 39% rise in motorcycle shipments. The company also enjoyed solid growth in its general merchandise and parts & accessories divisions, which saw revenue increase 46% and 13%, respectively.
Image source: Harley-Davidson.
Source Fool.com