Briggs & Stratton Beats Estimates (BGG)

Wauwatosa, Wisconsin-based Briggs & Stratton Corporation BGG on Thursday morning released financial results that beat Wall Street expectations. Briggs & Stratton Corporation reported a 2nd quarter net loss of $1.3 million, or 3 cents per share, compared to net income of $3.0 million, or 6 cents per share, a year earlier. Excluding special items, the company earned 6 cents per share. Briggs & Stratton Corporation reported revenue of $450.32 million, up 14.6% from $393.05 million a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 2 cents per share, on revenue of $410.17 million. Briggs & Stratton Corporation (BGG)ended the previous trading session at $21.13 per share. Analysts covering the company's stock have a consensus price target of $24.80 per share. Read more from Benzinga's Company news.