Gentex Corporation (GNTX) reported fourth-quarter net profit of $30.0 million, compared with a net loss of $10.4 million in the year-ago quarter. On a per share basis, profit was 22 cents, versus a loss of 8 cents last year.
On average, 10 analysts polled by Thomson Reuters expected earnings of 18 cents per share. Analysts' estimates typically exclude special items.
For the quarter, net sales increased to $177.6 million from last year's $122.28 million. Wall Street analysts' consensus revenue estimate was $164.02 million.
The company currently expects first-quarter net sales to increase by 80%-90% compared with the first quarter of 2009, and said it does not plan to give full-year 2010 guidance at this time due to uncertainties.
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