Briggs & Stratton slides on weak outlook

Briggs & Stratton (BGG -2.9%) slips today after beating Q2 expectations but guiding its FY14 to the low end of EPS estimates.

For FY14, it sees net income per share between $1.04 to $1.28.

Sales are seen between $1.88 billion to $2.03 billion.

The Street was targeting an FY14 EPS of $1.23 on sales of $1.95B.

Separately, Raymond James downgrades the shares from Outperform to Market Perform on the back of the report.

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