BGG - Briggs & Stratton Q2 Results Disappoint Yet Again
Briggs & Stratton Corporation (BGG) has reported Q220 results (ended 12/29/19) and for the 6th time in the last 8 quarters has missed consensus revenue and earnings estimates. The company also lowered its revenue and adjusted net income guidance for the 4th time out of the 6 potential quarters (fresh guidance is given in Q4 for the following year thus is neither raised, lowered, or reaffirmed). In addition, the company suspended its dividend and shares plummeted on the news by about 21% to all time lows. While past severe price drops presented short