Gentex: 2Q Earnings Snapshot
ZEELAND, Mich. (AP) _ Gentex Corp. (GNTX) on Friday reported second-quarter profit of $109 million.
The Zeeland, Michigan-based company said it had profit of 42 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.
The maker of automatic-dimming rearview mirrors and other products posted revenue of $468.7 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $464.1 million.
Gentex expects full-year revenue in the range of $1.87 billion to $1.9 billion.
Gentex shares have climbed 17% since the beginning of the year. The stock has dropped 1% in the last 12 months.