Westport Fuel Systems delivered a better-than-expected 4Q performance, driven by strength in original equipment manufacturer (OEM) sales. Shares of the alternative fuel systems and components provider were up about 6% in the pre-market trading session today. Westport Fuel's (WPRT) revenue jumped 13% year-over-year to hit $83.9 million, topping analysts’ estimates of $69.3 million. On the back of continued growth in HPDI 2.0 sales volume and higher light-duty OEM sales, the company saw a 32% jump in its OEM segment revenue. Driven by lower operating costs, higher investment income and forex gains, the company posted earnings of $0.03 per share, exceededing analysts’ expectations of $0.00 per share.
https://www.tipranks.com/news/westport-fuel-rises-6-pre-market-on-better-than-expected-4q-showing
Westport Fuel Systems (NASDAQ:WPRT)
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