Why Westport Fuel Systems Stock Sank Today
The stock of Westport Fuel Systems (NASDAQ: WPRT) crashed Tuesday morning, sinking nearly 22% as of 11:40 a.m. EST after its third-quarter numbers missed Wall Street estimates by a pretty big margin. What's even more concerning is that Westport Fuel may have just confirmed the end of key joint venture (JV) with engine giant Cummins (NYSE: CMI).
Here are some notable numbers from Westport Fuel's third-quarter report (all changes are year over year):
Consensus estimates were for revenue worth around $87 million and for Westport Fuel to turn a profit.
Source Fool.com
