Gentex Corporation (NASDAQ: GNTX) saw its shares plummet 5.16% during intraday trading on Friday, following the release of its fourth-quarter financial results.
The sharp decline came as the digital vision and automotive supplier reported quarterly sales of $644.4 million, which missed the analyst consensus estimate of approximately $654.2 million. While the company's adjusted earnings per share of $0.43 met expectations, the revenue shortfall and essentially flat year-over-year performance in its core business prompted a negative market reaction.
Investors appeared concerned by the sales miss and the 3% decline in auto-dimming mirror shipments during the quarter, overshadowing the company's improved gross margins and its in-line revenue guidance for 2026.
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