Seeking Alpha

Auto parts maker Gentex (GNTX -26%) crashes after a disappointing Q2 report earlier this...

Auto parts maker Gentex (GNTX -26%) crashes after a disappointing Q2 report earlier this morning. Total revenue rose 15% Y/Y, but margins were compressed by sales price reductions and a poor product mix. The stock has been hammered all year, down over 50% since January due to a combination of lawsuits, weak European car sales, and the failure of of rear view camera legislation - of which GNTX is the largest supplier -  which would have required it to be installed in all vehicles. 

Check out Seeking Alpha’s new Earnings Center »

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs