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Gentex Stock Sinks 7% After Q2 Earnings Miss And Revenue Forecast Slash - Details Here
Gentex Corporation (NASDAQ:GNTX) shares are trading lower after the company missed second-quarter earnings estimates and lowered its guidance.
The company reported second-quarter earnings per share of 37 cents, but it missed the street view of 52 cents. Quarterly sales of $572.93 million missed the analyst consensus of $622.79 million.
Automotive net sales were $559.3 million, down from $574.1 million in the second quarter of 2023. Auto-dimming mirror unit shipments decreased by 6%.
“In total, the Company’s revenue for the second quarter of 2024 fell short of our ...