Briggs & Stratton Corp reported better-than-expected quarterly results. Briggs & Stratton Corp. Inc trades on the “New York Stock Exchange” under the stock symbol “BGG”.
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Briggs & Stratton Corp (NYSE:BGG) a United States engine manufacturer reported better-than-expected quarterly results. The company also said production of a large amount of its products are planned to be lower in 2010 to decrease investment in working assets. For the third quarter, Revenue rose 3 percent to $694.6 million. Engines revenue boosted 4 percent to $498.9 million, as well as earnings of $24.1 million, or 48 cents a share, compared with $25.4 million, or 51 cents a share, in the year-ago period. For this year, the company predicts earnings of 48 cents to 62 cents a share.
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