February 8, 2011 / 9:33 PM / in 7 years

UPDATE 1-Westport Innovations Q3 loss widens on higher costs

* Q3 loss/shr $0.31 vs loss/shr $0.20 yr-ago

* Revenue up 9 pct

Feb 8 (Reuters) - Canada’s Westport Innovations Inc WPT.TO WPRT.O posted a wider quarterly loss, hurt mainly by higher investments for the development of new natural gas engines and higher expenses.

Third-quarter net loss nearly doubled to $13.5 million, or 31 cents a share, from $6.9 million, or 20 cents a share, a year ago.

The company, which supplies alternative fuel and low-emissions transportation technologies, posted a 9 percent rise in revenue at $39.5 million.

Shares of the company closed at C$15.59 on Tuesday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Roshni Menon)

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