Briggs & Stratton Q3 adjusted earnings Beat Estimates

(RTTNews) - Briggs & Stratton (BGG) released a profit for third quarter that declined from last year.

The company's profit totaled $31.89 million, or $0.74 per share. This compares with $35.82 million, or $0.83 per share, in last year's third quarter.

Excluding items, Briggs & Stratton reported adjusted earnings of $36.23 million or $0.84 per share for the period.

Analysts had expected the company to earn $0.82 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.2% to $604.07 million from $596.97 million last year.

Briggs & Stratton earnings at a glance:

-Earnings (Q3): $36.23 Mln. vs. $35.82 Mln. last year. -EPS (Q3): $0.84 vs. $0.83 last year. -Analysts Estimate: $0.82 -Revenue (Q3): $604.07 Mln vs. $596.97 Mln last year.

-Guidance: Full year EPS guidance: $1.33 to $1.50 Full year revenue guidance: $1.89 - $1.94 Bln