Gentex Corp. Reveals 2% Decline In Q3 Profit

(RTTNews) - Gentex Corp. (GNTX) reported earnings for third quarter that lost ground from last year.

The company said its profit dropped to $90.23 million, or $0.31 per share. This was down from $92.06 million, or $0.32 per share, in last year's third quarter.

Analysts had expected the company to earn $0.31 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.1% to $438.63 million. This was up from $429.64 million last year.

Gentex Corp. earnings at a glance:

-Earnings (Q3): $90.23 Mln. vs. $92.06 Mln. last year. -Earnings Decline (Y-o-Y): -2.0% -EPS (Q3): $0.31 vs. $0.32 last year. -EPS Decline (Y-o-Y): -3.1% -Analysts Estimate: $0.31 -Revenue (Q3): $438.63 Mln vs. $429.64 Mln last year. -Revenue Change (Y-o-Y): 2.1%

-Guidance: Full year revenue guidance: $1.78 - $1.80 Bln