Briggs & Stratton reports 2Q loss

Briggs & Stratton Corp. (BGG) on Wednesday reported a fiscal second-quarter loss of $16.3 million, after reporting a profit in the same period a year earlier.

The Wauwatosa, Wisconsin-based company said it had a loss of 39 cents per share. Earnings, adjusted for pretax expenses, were 25 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The engine maker posted revenue of $446.4 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $420.9 million.

Briggs & Stratton expects full-year earnings in the range of $1.45 to $1.62 per share, with revenue in the range of $1.91 billion to $1.96 billion.

Briggs & Stratton shares have climbed 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.20, a climb of 24 percent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on BGG at