Westport (NASDAQ: WPRT) reported Q1 EPS of ($0.12), $0.03 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $60 million versus the consensus estimate of $77.72 million.

• Consolidated revenues for the quarter ended March 31, 2017, was $60.0 million compared with $24.0 million for the same period last year mainly due to the addition of Fuel Systems revenue as a result of the merger and improving market outlook in key regions.
• Consolidated gross margin for the quarter ended March 31, 2017 was $17.5 million or 29.2% of revenue, compared with $6.4 million or 26.7% of revenue for the same period last year. The change in gross margin is partly due to the merger with Fuel Systems as well as operational improvements and efficiencies implemented following the closure of the merger.
• Consolidated operating expenses were $27.4 million for the quarter ended March 31, 2017, an increase of $2.0 million from $25.4 million in the same period last year which did not include any operating expenses from Fuel Systems.
• Net loss from continuing operations for the quarter ended March 31, 2017, was $12.8 million or a loss of $0.12 per share, compared with a loss of 24.5 million or a loss of 0.38 per share in the same period last year.

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