Briggs & Stratton Profit Declines 13% In Q4

(RTTNews) - Briggs & Stratton (BGG) revealed earnings for fourth quarter that decreased from last year.

The company said its earnings came in at $20.11 million, or $0.46 per share. This was down from $23.04 million, or $0.51 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.54 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.8% to $502.19 million. This was down from $538.82 million last year.

Briggs & Stratton earnings at a glance:

-Earnings (Q4): $20.11 Mln. vs. $23.04 Mln. last year. -Earnings Decline (Y-o-Y): -12.7% -EPS (Q4): $0.46 vs. $0.51 last year. -EPS Decline (Y-o-Y): -9.8% -Analysts Estimate: $0.54 -Revenue (Q4): $502.19 Mln vs. $538.82 Mln last year. -Revenue Change (Y-o-Y): -6.8%