ZEELAND, Mich. (AP) — ZEELAND, Mich. (AP) — Gentex Corp. (GNTX) on Friday reported second-quarter net income of $114.7 million.
The Zeeland, Michigan-based company said it had net income of 54 cents per share. Earnings, adjusted for asset impairment costs and severance costs, came to 58 cents per share.
The results beat Wall Street expectations. The average estimate of three 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 $651.3 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $669 million.
Gentex expects full-year revenue in the range of $2.65 billion to $2.75 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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