UPDATE: Briggs & Stratton (BGG) Tops Q3 EPS by 1c, Revenue Light; Offers FY Guidance
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Financial Fact:
Average Shares Outstanding: 42.49M
Today's EPS Names:
FSI, RELV, NEOM, More
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Briggs & Stratton (NYSE: BGG) reported Q3 EPS of $0.83, $0.01 better than the analyst estimate of $0.82. Revenue for the quarter came in at $597 million versus the consensus estimate of $617.01 million.
Outlook:
Our outlook for fiscal 2017 remains unchanged from previous guidance, except for higher capital expenditures. Capital expenditures are now expected to be $80 million to $90 million compared to previous guidance of $70 million to $80 million.
Summary of fiscal 2017 guidance:
(Street sees FY17 EPS of $1.37 on revenue of $1.86B)
For earnings history and earnings-related data on Briggs & Stratton (BGG) click here.
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