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Briggs & Stratton Corp Lowers FY 2013 Earnings Guidance; Lowers High End Of Prior FY 2013 Revenue Guidance To A Range In Line With Analysts' Estimates

Friday, 19 Apr 2013 08:17am EDT 

Briggs & Stratton Corp updated its fiscal 2013 guidance and expects net income to be in a range of $56 million to $65 million or $1.16 to $1.33 per diluted share and net sales to be in a range of $1.95 billion to $2.0 billion. These net income projections include the results of the Branco acquisition closed on December 7, 2012 and are prior to the impact of any additional share repurchases and costs related to announced restructuring programs. According to I/B/E/S Estimates, analysts are expecting the Company to report net income of $64 million, EPS of $1.36 on revenue of $1.979 billion for fiscal 2013. 

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