NEW YORK (TheStreet) -- Shares of Briggs & Stratton  (BGG - Get Report) were falling 12.94% to $19.08 on heavy trading volume late Thursday afternoon after reporting lower-than-expected 2016 fourth-quarter earnings and revenue. 

After yesterday's market close, the Milwaukee-based producer of gasoline engines for outdoor power equipment posted adjusted earnings of 46 cents per diluted share, missing analysts' estimates of 54 cents per share.

Revenue fell 6% year-over-year to $502 million and was lower than analysts' projections of $562 million.

Sales were negatively impacted by cooler-than-normal temperatures in North America and Europe, CEO Todd Teske said in a statement.

Additionally, global economic uncertainty weighed on consumer confidence and made exports "relatively more expensive," which cut into demand, Teske said. 

Briggs & Stratton expects to report fiscal 2017 earnings between $1.26 and $1.41 per share on revenue between $1.84 billion and $1.89 billion. Analysts surveyed by Thomson Reuters are looking for adjusted earnings of $1.50 per share on $1.91 billion in revenue.

About 2.22 million shares of the company have been traded so far today vs. the stock's average trading volume of roughly 231,142 shares per day.

Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of A-.

Briggs & Stratton's strengths such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: BGG

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.