Westport Innovations (USA) (WPRT) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $0.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.26. Analysts had a consensus of $-0.21. The company posted revenue of $44.40 million in the period, compared to analysts expectations of $41.85 million. The company’s revenue was up 59.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.27 EPS.
Many Wall Street Analysts have commented on Westport Innovations (USA). Rodman & Renshaw Initiated Westport Innovations (USA) on Jun 20, 2016 to “Buy”, Price Target of the shares are set at $5.
Westport Innovations (USA) closed down -0.01 points or -0.67% at $1.49 with 9,71,335 shares getting traded on Monday. Post opening the session at $1.48, the shares hit an intraday low of $1.44 and an intraday high of $1.52 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Westport Innovations Inc. is a provider of engine and fuel system technologies utilizing gaseous fuels. The Company operates through six segments: Westport Applied Technologies Business Unit Westport On-Road Systems Business Unit Westport Off-Road Systems Business Unit Corporate and Technology Investments Business Unit Cummins Westport Inc and Weichai Westport Inc. Westport Applied Technologies Business Unit designs produces and sells compressed natural gas and liquefied petroleum gas components and subsystems for natural gas vehicles. Westport On-Road Systems Business Unit engineers designs assemble and sell natural gas engine and vehicle systems. Westport Off-Road Systems Business Unit engineers designs and markets the Company’s natural gas technologies. Cummins Westport serves the medium- to heavy-duty engine markets with spark ignited natural gas engines. Weichai Westport develops manufactures and sells advanced alternative fuel engines and parts.