Briggs & Stratton stock hits 44-year low after surprise loss, dividend cut and plant closure
August 15, 2019 at 12:05 PM EDT
Shares of Briggs & Stratton were rocked Thursday to levels last seen in the 1970s, after the maker of gasoline engines and outdoor power equipment reported a surprise fiscal fourth-quarter loss, lowered its full-year outlook and slashed its quarterly dividend.