WPRT reports mixed first-quarter results, wherein revenues fall year over year.
Westport Innovations (WPRT) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.47. This compares to loss of $0.79 per share a year ago.
WPRT is poised to gain from the HPDI joint venture with Volvo and two contracts from European OEM amid its lack of sufficient liquidity.
Westport Fuel Systems reported reasonably good fourth quarter results, with revenues coming in ahead of expectations and decent cash generation. However, a going concern warning caught market participants flat-footed. In order to alleviate the concern, the company agreed to sell its core Light-Duty operations. The transaction should extend Westport Fuel Systems' cash runway by several years but uncertainties regarding the company's ability to reinvigorate growth are likely to keep investors sidelined.
WPRT reports wider-than-expected loss in the fourth quarter. The company's revenues decline year over year.
Westport Fuel Systems Inc. (NASDAQ:WPRT ) Q4 2024 Earnings Conference Call March 31, 2025 1:30 PM ET Company Participants Ashley Nuell - VP, IR Dan Sceli - CEO Bill Larkin - CFO Conference Call Participants Eric Stine - Craig-Hallum Rob Brown - Lake Street Capital Markets Chris Dendrinos - RBC Capital Markets Operator Good day and thank you for standing by. Welcome to Westport's Q4 Conference Call.
Westport Innovations (WPRT) came out with a quarterly loss of $0.59 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.81 per share a year ago.
WPRT is poised to gain from its portfolio of eco-friendly products and new programs awarded by a European OEM.
Westport (WPRT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Westport (WPRT) reported earnings 30 days ago. What's next for the stock?
Westport (WPRT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
WPRT incurs narrower-than-expected Q3 loss while revenues miss the Zacks Consensus Estimate.