Westport (WPRT) Misses Q4 EPS by 23c

Westport (NASDAQ: WPRT) reported Q4 EPS of ($0.43), $0.23 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $80.4 million versus the consensus estimate of $74.54 million.

The company said, "While the figures indicated in this release are not expected to change in the audited consolidated financial statements, the company and its auditors are continuing to finalize the evaluation of Westport Fuel Systems internal controls over financial reporting and whether management's current plans and their implementation can be considered sufficient to alleviate doubts identified over the company's ability to carry on as a going concern. The results of such analysis regarding internal control and going concern will be included in Westport Fuel Systems' 2016 audited annual consolidated financial statements and management discussion & analysis, when filed. All figures referenced below are in U.S. dollars unless otherwise stated."

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

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