Gentex: 4Q Earnings Snapshot
ZEELAND, Mich. (AP) _ Gentex Corp. (GNTX) on Friday reported fourth-quarter net income of $143.3 million.
On a per-share basis, the Zeeland, Michigan-based company said it had profit of 58 cents.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The maker of automatic-dimming rearview mirrors and other products posted revenue of $529.9 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $480.9 million.
For the year, the company reported profit of $347.6 million, or $1.41 per share. Revenue was reported as $1.69 billion.
Gentex expects full-year revenue in the range of $1.94 billion to $2.02 billion.
Gentex shares have dropped 1% since the beginning of the year. The stock has increased 9.5% in the last 12 months.