Briggs & Stratton (BGG) Misses Q3 EPS by 35c, Lowers FY Guidance

Briggs & Stratton (NYSE: BGG) reported Q3 EPS of $0.34, $0.35 worse than the analyst estimate of $0.69. Revenue for the quarter came in at $580 million versus the consensus estimate of $579.19 million.

GUIDANCE:

Briggs & Stratton sees FY2019 EPS of $0.45-$0.55, versus the consensus of $1.04.

• The revision reflects continued weather-related market softness and the impact of temporary inefficiencies associated with the start-up of business optimization initiatives.

For earnings history and earnings-related data on Briggs & Stratton (BGG) click here.

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