Briggs & Stratton: Fiscal 4Q Earnings Snapshot
WAUWATOSA, Wis. (AP) _ Briggs & Stratton Corp. (BGG) on Thursday reported a loss of $18.5 million in its fiscal fourth quarter.
On a per-share basis, the Wauwatosa, Wisconsin-based company said it had a loss of 45 cents. Losses, adjusted for non-recurring costs, were 36 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 46 cents per share.
The engine maker posted revenue of $472 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $523.3 million.
For the year, the company reported that its loss widened to $54.1 million, or $1.31 per share. Revenue was reported as $1.84 billion.
Briggs & Stratton expects full-year earnings in the range of 20 cents to 40 cents per share, with revenue in the range of $1.91 billion to $1.97 billion.
Briggs & Stratton shares have decreased 37% since the beginning of the year. The stock has decreased 55% in the last 12 months.