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Briggs & Stratton Corp Issues Q4 2013 Guidance Below Analysts' Estimates; Lowers FY 2013 Guidance


Friday, 26 Jul 2013 08:00am EDT 

Briggs & Stratton Corp announced that it expects to report net sales and earnings below the guidance provided for fiscal 2013. Consolidated net sales for the fourth quarter and fiscal 2013 are expected to be approximately $475 million and $1.86 billion, respectively. Excluding charges related to restructuring actions, legal settlements, and other non-cash charges, revised fourth quarter and fiscal 2013 adjusted diluted earnings per share (EPS) is estimated to be approximately $0.17 to $0.21 per share and $0.88 to $0.92 per share, respectively. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $558 million and EPS of $0.49 for the fourth quarter 2013; and revenue of $1.94 and EPS of $1.19 for fiscal 2013. 

Company Quote

20.6
-0.15 -0.72%
22 Aug 2014