Shares of Westport Innovations WPRT are markedly lower in pre-market-trading after the company, which manufactures alternative fuels, lowered their full year guidance.
The company now expects revenue for 2014 to be $130 million to $140 million, down from the prior forecast of $175 million to $185 million.
Westport noted three reasons for the lowered guidance:
-Uncertainty in Europe, Russia and China, which has impacted the Applied Technologies business
-Revised development schedule will defer related service revenue milestone payments in the near term
-Uncertainty over a major order
The stock, which had made a new 52-week closing low of $10.51 during on Tuesday, is trading lower by 21 percent at 8.30 in the pre-market.
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