Westport Reports First Quarter Fiscal 2015 Financial Results
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Go back to Westport Reports First Quarter Fiscal 2015 Financial Results
May 8, 2015 8:18 AM EDT
Lake Street Capital Markets upgraded Westport Innovations (NASDAQ: WPRT) from Hold to Buy with a price target of $9.00. Analyst Robert D. Brown noted a positive change in trends, and he thinks asset sales are a potential near-term catalyst.
"Trends have improved for Westport as operating expenses declined dramatically (down 31%), gross margins recovered, revenue stabilized... More
May 7, 2015 4:38 PM EDT
Westport (NASDAQ: WPRT) reported Q1 EPS of ($0.27), $0.10 better than the analyst estimate of ($0.37). Revenue for the quarter came in at $28 million versus the consensus estimate of $26.57 million.Westport reaffirmed FY2015 guidance.
Westport is reiterating its revenue outlook and expects consolidated revenue from these... More
