shares of harleydavidson inc hog rallied 14 in premarket trading wednesday after the motorcycle maker reported thirdquarter profit and revenue that beat expectations by wide margins citing a strong recovery in global motorcycle shipments net income rose to 261 million or 178 a share from 163 million or 105 a share in the yearago period the factset consensus for earnings per share was 140 revenue grew 208 to 165 billion well above the factset consensus of 136 billion motorcycle shipments increased 19 to 57100 and motorcycle revenue rose 280 to 113 billion topping the factset consensus of 9667 million gross margin improved by 74 percentage points as pricing and mix contributed about 5 percentage points of improvement in addition greater manufacturing leverage and lower tariffs contributed positively and more than offset existing foreign exchange headwinds the company said for 2022 the company affirmed its motorcycle revenue growth guidance range of 5 to 10 the stock has run up 121 over the past three months through tuesday while the sp 500 spx has eased 16