Westport Fuel Systems Inc. Q4 Loss Decreases, But Misses Estimates

Westport Fuel Systems Inc. (WPRT) reported Loss for fourth quarter that decreased from last year but missed the Street estimates.

The company's bottom line totaled -$10.1 million, or -$0.59 per share. This compares with -$13.9 million, or -$0.81 per share, last year.

Analysts on average had expected the company to earn -$0.28 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 13.9% to $75.1 million from $87.2 million last year.

Westport Fuel Systems Inc. earnings at a glance (GAAP) :

-Earnings: -$10.1 Mln. vs. -$13.9 Mln. last year.
-EPS: -$0.59 vs. -$0.81 last year.
-Revenue: $75.1 Mln vs. $87.2 Mln last year.

by RTTNews Staff Writer

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