Westport Fuel Systems Q4 EPS $(0.81) Misses $(0.51) Estimate, Sales $87.20M Beat $86.49M Estimate
Portfolio Pulse from Benzinga Newsdesk
Westport Fuel Systems (NASDAQ:WPRT) reported Q4 earnings with losses of $(0.81) per share, missing the $(0.51) estimate by 58.82%, but saw a 19% improvement over last year's $(1.00) loss. Sales reached $87.20M, slightly above the $86.49M estimate, marking an 11.79% increase from the previous year.
March 25, 2024 | 9:10 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Westport Fuel Systems reported a larger-than-expected Q4 loss per share but exceeded sales estimates, showing year-over-year growth.
The mixed earnings report presents a complex picture. The larger-than-expected loss per share could negatively impact investor sentiment in the short term. However, the sales beat and year-over-year growth could offset some of the negative impact, suggesting a neutral short-term price direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100