Briggs & Stratton Profit Climbs 27% In Q2

(RTTNews) - Briggs & Stratton (BGG) announced earnings for its second quarter that advanced compared to the same period last year.

The company said its bottom line advanced to $15.14 million, or $0.34 per share. This was up from $11.89 million, or $0.26 per share, in last year's second quarter.

Analysts had expected the company to earn $0.18 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.0% to $413.38 million. This was down from $444.29 million last year.

Briggs & Stratton earnings at a glance:

-Earnings (Q2): $15.14 Mln. vs. $11.89 Mln. last year. -Earnings Growth (Y-o-Y): 27.3% -EPS (Q2): $0.34 vs. $0.26 last year. -EPS Growth (Y-o-Y): 30.8% -Analysts Estimate: $0.18 -Revenue (Q2): $413.38 Mln vs. $444.29 Mln last year. -Revenue Change (Y-o-Y): -7.0%

-Guidance: Full year EPS guidance: $1.25 - $1.41 Full year revenue guidance: $1.90 - $1.96 Bln