Gentex Corp. Reports Lower-Than-Expected Q4 Earnings and Revenue
ZEELAND, Mich. - Gentex Corp. (GNTX) announced its fourth-quarter financial results on Friday, revealing earnings of $87.7 million or 39 cents per share.
Apesar expectations, these results fell short of Wall Street's estimates, with the average forecast from five analysts surveyed by Zacks Investment Research predicting earnings of 49 cents per share.
Revenue also missed analysts' expectations, reaching $541.6 million against an anticipated $602 million from four analysts' estimates provided by Zacks.
For the full year, Gentex reported a profit of $404.5 million or $1.76 per share, with revenue reaching $2.31 billion.
Looking ahead, the company anticipates full-year revenue in the range of $2.4 billion to $2.45 billion.