Westport: 1Q Earnings Snapshot
Posted June 4, 2020 6:19 pm.
Last Updated June 4, 2020 6:24 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.
_____
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
The Associated Press
