Briggs & Stratton Q3 Profit Slightly Increases - Quick Facts

(RTTNews) - Briggs & Stratton Corporation (BGG) reported that its third-quarter net income increased to $39.15 million or $0.82 per share, from $38.52 million or $0.78 per share, previous year. Adjusted earnings per share was $0.81, for the quarter.

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.86 for the quarter. Analysts' estimates typically exclude special items. Net sales decreased to $628.40 million from $637.26 million. Analysts expected revenue of $627.23 million for the quarter. Consolidated net sales decreased 1.4% due to lower sales of generators and the engines that power them. The company revised its fiscal 2014 net income projections to be in the range of $43 million to $50 million or $0.88 to $1.04 per share. Analysts expect the company to report 2014 earnings per share of $1.05.