Gentex: Q4 Earnings Snapshot

Associated Press Finance
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ZEELAND, Mich. (AP) — ZEELAND, Mich. (AP) — Gentex Corp. (GNTX) on Friday reported fourth-quarter earnings of $116.9 million.

The Zeeland, Michigan-based company said it had net income of 50 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.

The maker of automatic-dimming rearview mirrors and other products posted revenue of $589.1 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $561.6 million.

For the year, the company reported profit of $428.4 million, or $1.84 per share. Revenue was reported as $2.3 billion.

Gentex expects full-year revenue in the range of $2.45 billion to $2.55 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GNTX at https://www.zacks.com/ap/GNTX

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