Gentex Corp Q3 Profit Up, Beats Street - Quick Facts

(RTTNews) - Gentex Corporation(GNTX), reported higher third-quarter net income, that exceeded the Street estimates, reflecting a 8 percent increase in sales.

For the three-month period, the company reported net income of $55.5 million or $0.38 per share, compared with $41.8 million or $0.29 per share last year.

On average, eleven analysts polled by Thomson Reuters expected the company to report earnings per share of $0.33 for the quarter. Analysts' estimates typically exclude one-time items.

Net sales for the quarter increased to $288.6 million, from prior year's $268.2 million. Analysts expected the company to generate revenues of $278.38 million.