Briggs & Stratton Q3 adjusted earnings Miss Estimates

(RTTNews) - Briggs & Stratton (BGG) released a profit for third quarter that decreased from the same period last year.

The company's earnings totaled $8.01 million, or $0.19 per share. This compares with $31.89 million, or $0.74 per share, in last year's third quarter.

Excluding items, Briggs & Stratton reported adjusted earnings of $14.64 million or $0.34 per share for the period.

Analysts had expected the company to earn $0.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.0% to $580.20 million from $604.07 million last year.

Briggs & Stratton earnings at a glance:

-Earnings (Q3): $14.64 Mln. vs. $36.23 Mln. last year. -EPS (Q3): $0.34 vs. $0.84 last year. -Analysts Estimate: $0.65 -Revenue (Q3): $580.20 Mln vs. $604.07 Mln last year.