Gentex Corporation (GNTX) shares plummeted 11.66% in pre-market trading on Friday, following the release of the company's fourth-quarter earnings results that missed analysts' expectations.
The auto-dimming rearview mirror manufacturer reported Q4 earnings per share (EPS) of $0.39, falling short of the consensus estimate of $0.48. Gentex's revenue for the quarter came in at $541.6 million, lower than the forecasted $599 million.
The company's disappointing financial performance led to a pre-market sell-off in its stock, with investors reacting negatively to the weaker-than-expected earnings and revenue figures. Gentex's Q4 operating income of $89.8 million also fell significantly below the estimated $127.3 million, further contributing to the stock's decline.
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