Briggs & Stratton Bottom Line Retreats 11% In Q3

(RTTNews) - Briggs & Stratton (BGG) announced a profit for third quarter that fell compared to the same period last year.

The company said its bottom line declined to $34.94 million, or $0.80 per share. This was down from $39.21 million, or $0.86 per share, in last year's third quarter.

Analysts had expected the company to earn $0.89 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.5% to $603.75 million. This was down from $619.02 million last year.

Briggs & Stratton earnings at a glance:

-Earnings (Q3): $34.94 Mln. vs. $39.21 Mln. last year. -Earnings Decline (Y-o-Y): -10.9% -EPS (Q3): $0.80 vs. $0.86 last year. -EPS Decline (Y-o-Y): -7.0% -Analysts Estimate: $0.89 -Revenue (Q3): $603.75 Mln vs. $619.02 Mln last year. -Revenue Change (Y-o-Y): -2.5%

-Guidance: Full year EPS guidance: $1.25 - $1.41 Full year revenue guidance: $1.85 - $1.92 Bln