January 24, 2018 / 11:36 PM / in 7 months

BRIEF-Briggs & Stratton Reports Q2 Gaap Loss Per Share $0.39

Jan 24 (Reuters) - Briggs & Stratton Corp:

* BRIGGS & STRATTON CORPORATION REPORTS FISCAL 2018 SECOND QUARTER RESULTS

* Q2 GAAP LOSS PER SHARE $0.39

* Q2 EARNINGS PER SHARE VIEW $0.23 — THOMSON REUTERS I/B/E/S

* RAISES FY 2018 EARNINGS PER SHARE VIEW TO $1.45 TO $1.62

* AS A RESULT OF TAX CUTS AND JOBS ACT OF 2017, COMPANY RECOGNIZED A ONE-TIME CHARGE OF $24.9 MILLION IN Q2

* EXPECTS REDUCTION IN CORPORATE TAX RATE WILL RESULT IN AN EFFECTIVE TAX RATE OF ABOUT 29% TO 31% FOR FISCAL 2018

* BEGINNING IN FISCAL 2019, COMPANY’S EFFECTIVE TAX RATE IS EXPECTED TO DECREASE TO A RANGE OF APPROXIMATELY 26% TO 28%

* FY2018 EARNINGS PER SHARE VIEW $1.63, REVENUE VIEW $1.91 BILLION — THOMSON REUTERS I/B/E/S Source text for Eikon: Further company coverage:

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