Traders Eye Westport (WPRT) Following Cummins (CMI) Q4 Results
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Westport Innovations, Inc. (NASDAQ: WPRT) on watch Wednesday following quarterly results from Cummins (NYSE: CMI).
In its release, Cummins said net income from the Cummins Westport joint venture fell about 50 percent to about $3 million for the three-months ended December 31, 2012, from $6 million in the prior-year period.
For full-year 2012, the joint venture provided Cummins net income of $14 million, which was flat from the prior year.
Wesport is expected to report quarterly numbers ahead of the opening bell on Thursday. Shares are modestly higher at the start today.
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In its release, Cummins said net income from the Cummins Westport joint venture fell about 50 percent to about $3 million for the three-months ended December 31, 2012, from $6 million in the prior-year period.
For full-year 2012, the joint venture provided Cummins net income of $14 million, which was flat from the prior year.
Wesport is expected to report quarterly numbers ahead of the opening bell on Thursday. Shares are modestly higher at the start today.
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