Westport +24% as Q1 results move closer to profit

|About: Westport Fuel Systems, Inc. (WPRT)|By:, SA News Editor

Westport Innovations (WPRT +24.2%) is soaring after Q1 earnings beat expectations and showed signs of moving towards making a profit.

Q1 gross margin rose to 12.3% from 8.1% due primarily to sales of higher margin product such as the Westport WiNG System and service revenue.

Issued in-line guidance for FY 2014, seeing revenues C$175M-C$185M vs. C$183.6M analyst consensus estimate.