Briggs & Stratton Corporation (BGG) announced fiscal 2010 first quarter net loss of $8.7 million or $0.18 per share, compared to net loss of $1.96 million or $0.04 per share last year.
On average, 6 analysts polled by Thomson Reuters expected the company to report loss of $0.23 per share. Analysts' estimates typically exclude special items.
Consolidated net sales were $324.6 million, compared to $458.15 million in the prior year quarter. Five analysts estimated revenues of $382.24 million.
The company continues to project that fiscal 2010 net income will be in the range of $40 to $50 million or $0.80 to $1.01 per diluted share. Consolidated net sales are now projected to be lower between years primarily due to the absence of hurricane related sales of portable generators and selected price reductions to reflect projected lower commodity costs.
Analysts expect the company to earn $0.93 per share.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.