UPDATE: Harley-Davidson Q3 Profit Surges 21%

Harley-Davidson

reported a 21% rise in its third-quarter earnings. Harley's quarterly profit surged to $162.7 million, or $0.73 per share, from $134 million, or $0.59 per share, in the year-ago period. Its revenue rose 8.4% to $1.18 billion. However, analysts were expecting earnings of $0.73 per share on revenue of $1.17 billion. Harley's motorcycle shipments gained 2.3% to 54,025. Harley shares gained 2.21% to $67.00 in pre-market trading.