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Westport Innovations (WPRT) -11.3% premarket after cutting its full-year revenue forecast in a...

Westport Innovations (WPRT) -11.3% premarket after cutting its full-year revenue forecast in a corporate update released Monday. The developer of engine and fuel systems technologies lowered guidance to $340M-$350M from prior $400M-$425M and $412M analyst consensus, citing feedback from OEM and fleet customers in North America and automotive OEM customers in Europe.
Comments (2)
  • pingi5
    , contributor
    Comment (1) | Send Message
     
    Westport is a long term solution to a very costly problem. They require the infrastructure to deliver the Natural Gas for Westport's solutions to be effective. That infrastructure exists but only on a limited scale. Once in place Westport will soar!
    31 Oct 2012, 09:13 AM Reply Like
  • dook
    , contributor
    Comments (42) | Send Message
     
    WPRT should not trade on quarterly results. The deal with Tata Motors announced a little while ago, along with the strong ties with other OEMs is much more an indicator of future and present value.
    31 Oct 2012, 09:46 AM Reply Like
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