Westport (WPRT) Posts Wider-than-Expected Q3 Loss

Westport (NASDAQ: WPRT) reported Q3 EPS of ($0.58), $0.32 worse than the analyst estimate of ($0.26). Revenue for the quarter came in at $22.3 million versus the consensus estimate of $28.28 million.

Westport reported stronger results at Cummins Westport Inc. ("CWI") compared to last year, and reported significant progress with global original equipment manufacturers ("OEMs") for Westport™ HPDI 2.0 products. Westport announced the introduction of the 2016 Ford F-150 5.0L dedicated propane engine. The CWI ISL G Near Zero NOx natural gas engine was the first mid-range engine in North America to achieve U.S. Environmental Protection Agency ("EPA") and California Air Resources Board ("ARB") Near Zero NOx certification. The ISL G Near Zero NOx engine exhaust emissions will be 90% lower than the current EPA NOx limit.

Guidance:

evenue for Westport Operations and Corporate & Technology Investments ("Westport Operations") was $22.3 million for the quarter ended September 30, 2015 in-line with 2015 expectations. Westport is reiterating its revenue outlook and expects consolidated revenue from these two segments to be between $110 million and $125 million for the year ended December 31, 2015.

For earnings history and earnings-related data on Westport (WPRT) click here.

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