Westport Fuel Systems Reports Third Quarter Fiscal 2018 Financial Results
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Westport (WPRT) Misses Q3 EPS by 5c, Revenues Beat; Raises FY18 Revenue Guidance
November 8, 2018 4:14 PM ESTWestport (NASDAQ: WPRT) reported Q3 EPS of ($0.09), $0.05 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $65.5 million versus the consensus estimate of $59.52 million.
Consolidated revenue of $65.5 million compared with $56.4 million in Q3 2017, a 16% increase year-over-year primarily due to strong sales in the aftermarket and the OEM businesses, including shipments of the Westport HPDI 2.0 product. Sequentially, consolidated revenue decreased by $15.0 million or 19% primarily due to lower sales from all businesses, partially resulting from the European summer shutdown, as well as the depreciation of the Euro against US... More