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.
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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