Why Shares of Harley-Davidson Are Roaring Higher Today

Shares of Harley-Davidson (NYSE: HOG) jumped 20% on Tuesday morning after the motorcycle manufacturer reported third-quarter results that came in well ahead of expectations. There are some reasons for caution, but investors are focused on the positive after the strong release.

Before markets opened on Tuesday, Harley-Davidson reported adjusted earnings of $1.05 per share on revenue of $1.17 billion, easily beating the Wall Street consensus estimate for $0.28 per share of earnings on revenue of $862 million.

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Source Fool.com