Gentex Q3 Earnings Miss Wall Street Estimates as Revenue Falls Short

Gentex Corp. (GNTX) reported third-quarter earnings of $90.6 million on Friday, falling short of analyst expectations. The Zeeland, Michigan-based maker of automatic-dimming rearview mirrors posted net income of 43 cents per share, or 47 cents adjusted for asset impairment and severance costs, versus the 51-cent average estimate from three Zacks Investment Research analysts. Revenue for the period was $647.7 million, also below the $669.2 million forecast. The company guided full-year revenue to a range of $2.8 billion to $2.9 billion.