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Briggs & Stratton: Fiscal 3Q Earnings Snapshot

WAUWATOSA, Wis. (AP) _ Briggs & Stratton Corp. (BGG) on Thursday reported fiscal third-quarter net income of $8 million.

The Wauwatosa, Wisconsin-based company said it had profit of 19 cents per share. Earnings, adjusted for non-recurring costs, were 34 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The engine maker posted revenue of $580.2 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $571.4 million.

Briggs & Stratton expects full-year earnings to be 45 cents to 55 cents per share, with revenue in the range of $1.86 billion to $1.91 billion.

Briggs & Stratton shares have increased 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.60, a fall of 31 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BGG at https://www.zacks.com/ap/BGG