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 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.