- Westport Innovations (NASDAQ:WPRT) says it is lowering its outlook for FY 2014 revenues to $130M-$140M from $175M-$185M vs. $174M analyst consensus estimate.
- WPRT cites continued market uncertainty in its primary markets of Europe, Russia and China, which have impacted revenue in its applied technologies business in H2, as well as key OEM development partners moving to the newly co-developed HPDI 2.0 injectors, which will defer related service revenue milestone payments in the near term.
- WPRT also says a customer who placed a significant order has been unable to assure that it will be able to meet its obligations.
- Shares halted until 4:50.