Westport: Q1 Earnings Snapshot

By The Associated Press

May 06, 2022

VANCOUVER, British Columbia (AP) _ Westport Innovations Inc. (WPRT) on Friday reported first-quarter earnings of $7.7 million.

The Vancouver, British Columbia-based company said it had net income of 4 cents per share. Losses, adjusted for non-recurring gains, were 4 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The maker of natural-gas engine technology posted revenue of $76.5 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $75.9 million.

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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

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