In its fourth quarter results CDTi posted loss of 27 cents a share, missing analysts' expectations of a loss of 6 cents a share by 21 cents. Revenue grew 22.6% from the year-ago quarter to $15.2 million. Analysts surveyed by Thomson Reuters estimated revenue of $14.5 million for the quarter.
"We are pleased with CDTi's overall results for the fourth quarter. We achieved growth in our external Catalyst division sales in excess of 23% and 22% in our Heavy Duty Diesel Systems division," CEO and CFO of CDTi Nikhil Mehta said in a press release. Mehta went on to say that revenue growth in the quarter was mostly driven by catalyst sales to Honda (HMC).
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TheStreet Ratings team rates CLEAN DIESEL TECHNOLOGIES as a Sell with a ratings score of E+. TheStreet Ratings Team has this to say about their recommendation:
"We rate CLEAN DIESEL TECHNOLOGIES (CDTI) a SELL. This is based on several weak investment measures, which should drive this stock to significantly underperform the majority of stocks that we rate. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, weak operating cash flow and poor profit margins."