Westport: 1Q Earnings Snapshot - InfoNews

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Westport: 1Q Earnings Snapshot

June 04, 2020 - 3:19 PM

VANCOUVER, British Columbia (AP) _ Westport Innovations Inc. (WPRT) on Thursday reported a loss of $15.3 million in its first quarter.

The Vancouver, British Columbia-based company said it had a loss of 11 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The maker of natural-gas engine technology posted revenue of $67.2 million in the period.

In the final minutes of trading on Thursday, the company's shares hit $1.40. A year ago, they were trading at $2.82.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WPRT at https://www.zacks.com/ap/WPRT

News from © The Associated Press, 2020
The Associated Press

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