RTTNews | Oct 27, 2020 08:43AM EDT

08:43 Tuesday, October 27, 2020 (RTTNews.com) - Shares of Harley-Davidson Inc. (HOG) are rising over 9% in pre-market today, after the company reported better-than-expected Q3 results. The stock has been trading in the range of $14.31 - $40.86 for the past one year, and is currently trading at $31.73, up $2.74 or 9.45% in the pre-market session Tuesday.

The company's Q3 GAAP net income was $120 million or $0.78 per share versus $87 million or $0.55 per share last year. On an adjusted basis, earnings increased to $1.05 per share from $0.70 per share earned a year ago.

However, revenue for the quarter amounted to $1.17 billion, 8% lower than the previous year's revenue of $1.27 billion.

Analysts polled by Thomson Reuters expected earnings of $0.28 per share on revenue of $862.05 million for the quarter. Analysts' estimate typically exclude certain special items.

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