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31 January
Gentex Corp. Q4 Profit Declines, Misses Estimates

(RTTNews) - Gentex Corp. (GNTX) released earnings for fourth quarter that decreased from last year and missed the Street estimates.

The company's earnings totaled $87.67 million, or $0.39 per share. This compares with $116.94 million, or $0.50 per share, last year.

Analysts on average had expected the company to earn $0.49 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 8.1% to $541.64 million from $589.13 million last year.

Gentex Corp. earnings at a glance (GAAP) :

-Earnings: $87.67 Mln. vs. $116.94 Mln. last year. -EPS: $0.39 vs. $0.50 last year. -Revenue: $541.64 Mln vs. $589.13 Mln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Risk warning: Trading on financial markets carries risks. The value of the investments can both increase and decrease and the investors may lose all their investment capital. In case of a leveraged product, the loss may be more than the initial capital invested. Detailed information on risks associated with trading on financial markets can be found in General Terms and Conditions for the Provision of Investment Services.