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News Breaks | | | | October 29, 2012 | | 16:14 EDT |  | WPRT | Westport lowers 2012 revenue outlook to $340M-$350M from $400M-$425M
Consensus $415.64M. The company said, "Due to recent feedback from Original Equipment Manufacturers and fleet customers in North America and automotive OEM customers in Europe, Westport has proactively updated its 2012 financial outlook. Since earlier this year, Westport has secured strong growth and new opportunities in all areas of its business; however, heightened uncertainty in the economy and delayed availability of liquefied natural gas infrastructure has OEM customers sharply reducing inventory and end customers delaying decisions to complete orders. Based on these factors, Westport now expects to grow approximately 30% year over year, with an anticipated revenue outlook for 2012 between $340 million and $350 million, from its revenue base of $264 million for 2011. Westport's previous 2012 revenue outlook was a range from $400 million to $425 million." | |
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News For WPRT From The Last 14 Days Check below for free stories on WPRT the last two weeks. |
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| May 13, 2013 | | 12:56 EDT |  | WPRT | Westport Innovations mentioned cautiously by Seeking Alpha contributor
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