Gentex Q4 EPS $0.50 Beats $0.44 Estimate, Sales $589.10M Beat $559.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gentex Corporation (NASDAQ:GNTX) reported Q4 earnings per share (EPS) of $0.50, surpassing the consensus estimate of $0.44 by 13.64%. Year-over-year, this represents a 35.14% increase from $0.37 EPS. Quarterly sales reached $589.10 million, exceeding estimates of $559.48 million by 5.29% and marking a 19.34% increase from the previous year's $493.65 million.
January 26, 2024 | 1:01 pm
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Gentex Corporation reported strong Q4 results with both EPS and sales figures surpassing analyst estimates, indicating robust financial performance.
Gentex's earnings beat is likely to be viewed positively by investors, as it suggests the company is performing better than expected. This can lead to increased investor confidence and a potential short-term rise in the stock price.
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