Why Briggs & Stratton Stock Just Popped 14% [The Motley Fool]
BRIGGS & STRATTON (BGG)
Last briggs & stratton earnings: 1/30 07:00 am
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Source: The Motley Fool
Why Briggs & Stratton Stock Just Popped 14% What happened Shares of Briggs & Stratton ( NYSE:BGG The reason: Though the small-cap company Heading into earnings, analysts had predicted Briggs & Stratton would lose a whopping $0.7 per share (pro forma) on revenue of only $9. million. As it turned out, sales easily eclipsed that goal, coming in at $ million, and the loss wasn't as big as feared, either -- only $0.7 per share. Image source: Getty Images. So what Granted, that was only the pro forma number. When calculated according to generally accepted accounting principles ( GAAP But a beat is a beat, and investors are giving Briggs & Stratton credit for not doing quite Now what With Briggs & Stratton now making "meaningful progress" on its "key focus areas to drive better overall business performance," CEO Todd Teske is promising to deliver sales between $.9 billion and $.97 billion through the end of this fiscal year, and to earn pro forma profits of $0.0 to $0.0 per diluted share. No
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