Harley-Davidson Roars Past Wall Street Estimates as Cost-Cutting Takes Hold

Harley-Davidson Roars Past Wall Street Estimates as Cost-Cutting Takes Hold

Harley-Davidson (NYSE: HOG) reported third-quarter revenue and earnings Tuesday morning that blew past analyst expectations. The outsize performance was not predicated on higher motorcycle sales, but rather on cost-cutting. Harley-Davidson generated revenue of $1.16 billion, an 8% drop from the $1.27 billion it made last year, but handily beat Wall Street estimates of just $884 million.