Briggs & Stratton (BGG -3.8%) falls after racking up a Q2 earnings miss and cutting FY13...

|About: Briggs & Stratton Corporation (BGG)|By:, SA News Editor

Briggs & Stratton (BGG -3.8%) falls after racking up a Q2 earnings miss and cutting FY13 guidance earlier today. The company now expects its EPS to fall into a range of $1.25 to $1.55, down from consensus estimates of $1.56. CEO Todd Teske blames it on the ongoing U.S. drought, saying it "more than offset the favorable growing conditions present in the early spring," adding that consumer sentiment in North America and Europe remains very cautious.