Newz(GNTX) on Friday reported third-quarter earnings of $90.6 million. On a per-share basis, the Zeeland, Michigan-based company said it had net income of 43 cents. Earnings, adjusted for asset impairment costs and severance costs, were 47 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share. The maker of automatic-dimming rearview mirrors and other products posted revenue of $647.7 million in the period, which also fell short of Street forecasts.
Three analysts surveyed by Zacks expected $669.2 million. Gentex expects full-year revenue in the range of $2.8 billion to $2.9 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.
Access a Zacks stock report on GNTX at https://www.zacks.com/ap/GNTX Source HONOLULU (AP) — HONOLULU (AP) — First Hawaiian Inc. (FHB) on Friday reported third-quarter net income of $63.7 million.
The Honolulu-based bank said it had earnings of 52 cents per share. The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.
The bank holding company posted revenue of $290.7 million in the period. Its revenue net of interest expense was $230.2 million, which beat Street forecasts. Four analysts surveyed by Zacks expected $229.7 million.
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