Westport: Q1 Earnings Snapshot

May 6, 2022 GMT

VANCOUVER, British Columbia (AP) _ Westport Innovations Inc. (WPRT) on Friday reported first-quarter earnings of $7.7 million.

The Vancouver, British Columbia-based company said it had net income of 4 cents per share. Losses, adjusted for non-recurring gains, were 4 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The maker of natural-gas engine technology posted revenue of $76.5 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $75.9 million.


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