VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Westport Innovations Inc. (WPRT) on Wednesday reported a loss of $13.6 million in its first quarter.
The Vancouver, British Columbia-based company said it had a loss of 79 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 55 cents per share.
The maker of natural-gas engine technology posted revenue of $77.6 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $88.4 million.
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