Amended: corrects the second sentence in the first para to say the company reported earnings per share, not loss.
Thursday, Briggs & Stratton Corp. (BGG) said its second-quarter net income decreased to $3.02 million from $3.19 million in the prior year period. Earnings per share for the quarter stood at $0.06, flat with last year. On average, 7 analysts polled by Thomson Reuters expected the company to report earnings of $0.06 per share for the quarter.
Net sales for the quarter declined to $393.04 million from $477.48 million in the comparable period. Six analysts estimated revenues of $429.84 million for the quarter. Briggs & Stratton still projects fiscal 2010 net income to be in the range of $40 million - $50 million or $0.80 - $1.01 per share. Consolidated net sales are expected to be around 6% lower between years. Seven analysts estimate earnings of $0.97 per share for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.