- Westport Innovations' (WPRT) worse than expected Q2 loss was due to a reduction in service and other revenue, higher investments in product development activities, and higher SG&A costs.
- Lowers FY 2013 guidance, seeing revenues of C$160M-C$180M vs. C$183M consensus and down from prior outlook of C$180M-C$200M, citing the deferral of HPDI-based revenue in China combined with the launch of the Cummins Westport ISX 12G in trucking.
- Shares -6.5% AH. (Q2 results)
Westport slips AH on Q2 misses, downward guidance
Aug 1 2013, 17:48 ET